Business
UNION BANK OF INDIA REDUCES MCLR
Published
3 years agoon
Mumbai – Jan 11, 2021: Union Bank of India has reduced Marginal Cost of Funds- based Lending rate (MCLR) by 15 basis points and 5 basis points in the overnight and 1 Month tenor respectively. Overnight MCLR now stands at 6.60%, down from 6.75% and 1 Month MCLR now stands at 6.70%, down from 6.75%. Revised MCLR effective from 11th Jan 2021.
Tenor | MCLR (%) |
Overnight MCLR | 6.60% |
1 Month MCLR | 6.70% |
3 Months MCLR | 6.90% |
6 Months MCLR | 7.05% |
1 year MCLR | 7.20% |
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