Bank of Baroda retains MCLR
by Prashant Kapadia/NHN
Bank of Baroda, one of the largest Public Sector Lenders, has reviewed its benchmark lending rates i.e. marginal cost of funds based lending rates [MCLR] across various tenors, at existing level.
Bank of Baroda’s 1-year MCLR currently stands at 8.30 per cent. For all other tenors: overnight, one month, three months, six months, three years and five years rates are 8.05 per cent, 8.10 per cent, 8.15 per cent, 8.25 per cent, 8.45 per cent and 8.60 per cent respectively.
The bank said that it does not add any mark-up on its MCLR for its best rated home loan borrowers. Bank of Baroda is a customer centric bank, most competitive in the industry. It offers home loans at one year MCLR for its best-rated customers. 1-year MCLR i.e. 8.30 percent, is applicable irrespective of the total home loan amount and is available for a tenure of up to 30 years.