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% |
You might also like
More from Business
How should one invest in Nifty
Author: Pranjal Kamra, CEO, Finology For all those looking to graduate from Mutual Funds to the stock market, you should know …
India Protection Quotient moves up by 4 points to 39 on the back of heightened awareness
India Protection Quotient moves up by 4 points to 39 on the back of heightened awareness and ownership, however COVID-19 Pandemic …
How Can Chiral Ventures Redefine your Business
Chiral Ventures is a company which helps you to do things differently - To clarify it’s business is to improve …