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
—
External benchmark
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 0 bps · to MCLR +360 bps
See full FD slabsIDFC First Bank's lending-deposit spread sits at 0 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
9.40
%
1-month
9.40
%
3-month
9.70
%
6-month
9.90
%
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+446 bpsMCLR9.70%G-Sec5.24%
- 6-month+451 bpsMCLR9.90%G-Sec5.39%
- 1-year+442 bpsMCLR10.10%G-Sec5.68%
IDFC First Bank MCLR · G-Sec from RBI curve · as of 7 July 2026
Recent revisions
How quickly this bank passes through changes.
last 18 months
- 6 June 2026-5 bps
MCLR · 6-month
9.95% → 9.90%
- 6 June 2026-5 bps
MCLR · 3-month
9.75% → 9.70%
- 6 June 2026-15 bps
MCLR · 1-month
9.55% → 9.40%
- 6 June 2026-15 bps
MCLR · Overnight
9.55% → 9.40%
Closest peers by EBLR
Three banks priced near this one.
No peer banks with EBLR data available.