Bank Of Baroda Holds Marginal Cost Of Funds Based Lending Rate Steady Across All Tenors, Effective July 12
· Free Press Journal
Mumbai: Bank of Baroda announced on Friday that it has reviewed its Marginal Cost of Funds Based Lending Rate (MCLR), choosing to maintain existing rates across all tenors. The revised rates will be effective from 12 July 2026.
Unchanged Lending Rates
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For overnight loans, the MCLR remains at 7.85 percent. The one-month MCLR also stands unchanged at 7.95 percent.
Bank of Baroda Raises MCLR By 5 Basis Points, Borrowing Costs Set To Increase From June 12Mid-Term Loan Rates
The three-month MCLR will continue at 8.20 percent. Similarly, the six-month MCLR has been retained at 8.50 percent.
Long-Term Lending
For one-year loans, the MCLR will remain at 8.75 percent. The bank decided to keep these rates stable following its review.
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