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Bank of Baroda Retains MCLR

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Bank of Baroda, one of the largest Public Sector Lenders, has retained its benchmark lending rates i.e. MCLR across various tenors at its existing level. The reviewed MCLR will be effective from 7th June 2017 and will be applicable to all new and renewed borrowal accounts.

 

With the above review, various tenor based MCLRs of the Bank will be as under:

 

TENOR EXISTING

MCLR (IN %)

MCLR (IN %)

EFFECTIVE FROM

07th June 2017

Overnight MCLR 8.10 8.10
1 Month MCLR 8.15 8.15
3 Month MCLR 8.20 8.20
6 Month MCLR 8.30 8.30
1 Year MCLR 8.35 8.35
3 Year MCLR 8.50 8.50
5 Year MCLR 8.65 8.65

 

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