Bank of Baroda has announced a review of its Marginal Cost of Funds Based Lending Rate (MCLR), with the updated rates effective from April 12, 2026. The bank has opted to maintain its existing lending rates across all tenors, ensuring stability for its borrowers. This decision reflects the bank’s current liquidity and funding cost management strategy as it navigates the evolving financial landscape.
Revised Lending Rate Structure
Bank of Baroda has completed its periodic review of the Marginal Cost of Funds Based Lending Rate (MCLR). Following the review, the bank has decided to keep its lending rates unchanged for all categories, effective April 12, 2026. This consistency provides financial predictability for customers linked to the bank’s internal pricing benchmarks.
Current MCLR Tenors
The following interest rates remain in effect for the respective tenors:
- Overnight: 7.80%
- One Month: 7.90%
- Three Month: 8.15%
- Six Month: 8.45%
- One Year: 8.70%
Impact for Borrowers
The decision to hold rates at the current levels ensures that existing loans tied to the MCLR will not see an immediate adjustment in interest costs. Borrowers can continue to plan their finances based on these established rates, which remain anchored at 7.80% for the shortest tenure and reach 8.70% for one-year credit facilities.
Source: BSE
