Bank of Maharashtra hikes MCLR by up to 30 bps; home loan, auto loan EMIs to go up
Bank of Maharashtra MCLR, Home Loan Interest Rate: The overnight MCLR has been raised by 20 basis points from 7.30 per cent to 7.50 per cent.
Bank of Maharashtra MCLR, Home Loan Interest Rate: Bank of Maharashtra has increased its marginal cost of funds based lending rate (MCLR) by 20-30 basis points. The revised rates will be effective from today, December 14, the public sector bank updated on its website.
The overnight MCLR has been raised by 20 basis points from 7.30 per cent to 7.50 per cent, while the one-month MCLR went up from 7.50 per cent to 7.70 per cent.
The interest rate on the three-month MCLR has been increased to 7.90 per cent, up by 30 basis points. The six-month MCLR has also been increased by 30 bps from 7.70 per cent to 8 per cent. Besides, one year MCLR has been increased to 8.20 per cent, up by 30 basis points. Also read- HDFC Bank FD interest rates hiked; senior citizens to get up to 7.75% return
The lender updated the same via an exchange filing.
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