UNION BANK OF INDIA REDUCES MCLR BY 5-10 BPS ACROSS ALL TENORS

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Mumbai- December 10, 2019: Union Bank of India has reduced Marginal Cost of Funds- based Lending rate (MCLR) by 5-10 basis points across all tenors. One year MCLR now stands at 8.20% down from 8.25%. Overnight MCLR has been reduced by 10 bps to 7.75%. Revised MCLR will be effective from 11th December 2019. The rates effective from 11th December, 2019 are as following:

Tenor MCLR (%)
Overnight MCLR 7.75%
1 Month MCLR 7.80%
3 Months MCLR 7.95%
6 Months MCLR 8.05%
1 year MCLR 8.20%

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