Your rate stack
What this bank charges, and what it pays back.
01 · RBI
Repo rate
5.25%
Where the bank funds itself overnight
02 · IDFC First Bank
EBLR
5.25%
0 bps over repo
1Y MCLR
10.10%
+485 bps over repo
Most retail home loans sit on EBLR; older / corporate loans on MCLR
03 · IDFC First Bank
1Y FD (your deposit return)
6.50%
Gap to EBLR -125 bps · to MCLR +360 bps
See full FD slabsIDFC First Bank's lending-deposit spread sits at -125 bps on EBLR-linked loans and +360 bps on 1-year MCLR. If you hold both an FD and an OD here, that's the spread you're carrying both ways.
MCLR term structure
Rate by reset tenor.
5 tenors
Overnight
9.55
%
1-month
9.55
%
3-month
9.75
%
6-month
9.95
%
1-year
10.10
%
2-year
—
not reported
3-year
—
not reported
MCLR loans reset at the chosen tenor. A 1-year MCLR loan recalculates once a year; an overnight MCLR loan recalculates every business day. Most retail loans pick the 1-year MCLR.
Vs the sovereign curve
IDFC First Bank MCLR against same-tenor G-Sec yields.
Compare the cost of a term loan from IDFC First Bank against what a comparable corporate bond would price at: G-Sec yield plus a credit spread of roughly 75–150 bps for AAA names.
- 3-month+418 bpsMCLR9.75%G-Sec5.57%
- 6-month+415 bpsMCLR9.95%G-Sec5.80%
- 1-year+394 bpsMCLR10.10%G-Sec6.16%
IDFC First Bank MCLR · G-Sec from RBI curve · as of 22 May 2026
Closest peers by EBLR
