8 banks that have revised home loan, other loan interest rates in December 2023
marginal cost-based lending rate (MCLR) and repo-linked lending rates (RLLR) in December 2023. Banks that have revised their MCLR are IDBI Bank, Union Bank of India, Bank of Baroda, ICICI Bank, Canara Bank, Punjab National Bank (PNB), Bank of India and Bandhan Bank. Canara Bank has also revised its RLLR with effect from December 12, 2023.
Here’s the latest MCLR and RLLR of the above-mentioned banks.
Latest IDBI Bank lending rates
According to the IDBI Bank website, the latest MCLR for overnight tenor is 8.3%. For one-month tenure the MCLR is 8.45%. The three month MCLR rate for IDBI Bank customers is 8.75%. The six month MCLR is 8.95%. The one year MCLR is 9%. The two year MCLR is 9.55%. The three year MCLR is 9.95%. These rates are effective from December 12, 2023.
Latest Union Bank of India lending rates
According to Union Bank of India’s website, the revised MCLR are effective from December 11, 2023 to January 10, 2024. The overnight rate is 7.9%. The one-month MCLR is 7.95%. The three month MCLR is 8.35%. The six-month MCLR is 8.6%. The one year MCLR is 8.8%. The two year MCLR is 8.9%. The three year MCLR is 9.05%.
Latest Bank of Baroda (BoB) lending rates
Bank of Baroda (BoB) has revised its MCLR with effect from December 12, 2023. The overnight MCLR is 8%. The one-month MCLR is 8.3%. The three month MCLR is 8.4%. The six-month MCLR is 8.55%. The one year MCLR is 8.75%.
ICICI Bank, PNB, Bank of India, Bandhan Bank revise loan interest rates
Latest Canara Bank lending rates
According to a stock exchange filing by Canara Bank, the bank has revised its marginal cost of lending (MCLR) based lending rates across various tenors with effect
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