Punjab National Bank
loan rates

Name: Punjab National Bank EBLR & MCLR
Creator: Capera

External benchmark

EBLR

8.10%

+285 bps over repo (5.25%)

Marginal cost

1-year MCLR

8.80%

Spread over benchmark: +285 bps

Live · updated 24 August 2026, IST

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 · Punjab National Bank

EBLR

8.10%

+285 bps over repo

1Y MCLR

8.80%

+355 bps over repo

Most retail home loans sit on EBLR; older / corporate loans on MCLR

03 · Punjab National Bank

1Y FD (your deposit return)

6.30%

Gap to EBLR +180 bps · to MCLR +250 bps

See full FD slabs

Punjab National Bank's lending-deposit spread sits at +180 bps on EBLR-linked loans and +250 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.

6 tenors

Overnight

8.00

1-month

8.25

3-month

8.45

6-month

8.65

1-year

8.80

2-year

—

not reported

3-year

9.10

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

Punjab National Bank MCLR against same-tenor G-Sec yields.

Compare the cost of a term loan from Punjab National 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.

Tenor MCLR G-SecSpread