INDIAN NEWS & TIMES

Saturday, October 21, 2017

switch-to-MCLR-CapitaWorld--640x313Bank of Baroda, one of the largest Public Sector Lenders, has reviewed its benchmark lending rates i.e. MCLR across various tenors at the level declined by 5 BPS as compared to existing level. The reviewed MCLR will be effective from 7th October 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  Oct 2017

Overnight MCLR 8.10 8.05
1 Month MCLR 8.15 8.10
3 Month MCLR 8.20 8.15
6 Month MCLR 8.30 8.25
1 Year MCLR 8.35 8.30
3 Year MCLR 8.50 8.45
5 Year MCLR 8.65 8.60