Union Bank of India reduces MCLR
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 will be effective from 11th Jan 2021.
Revised MCLR, effective from 11th Jan 2021 is as under:
|1 Month MCLR||6.70%|
|3 Months MCLR||6.90%|
|6 Months MCLR||7.05%|
|1 year MCLR||7.20%|