Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged effective October 1, 2025. The lending rates, which have been consistent since September 1, 2025, will see no changes across various tenors. This decision ensures stability in borrowing costs for customers tied to MCLR-linked loans. Existing Repo linked Lending Rate (RLLR) and Base Rate also remain unchanged.
Interest Rate Stability
Punjab National Bank (PNB) has declared that there will be no alteration to its Marginal Cost of Funds Based Lending Rates (MCLR) starting October 1, 2025. This decision follows a period of stable rates that have been in effect since September 1, 2025.
MCLR Rates Across Tenors
The following MCLR tenors will maintain their existing rates:
Overnight: 8.00%
One Month: 8.25%
Three Months: 8.45%
Six Months: 8.65%
One Year: 8.80%
Three Years: 9.10%
These rates will remain consistent, providing predictability for borrowers tied to these benchmarks.
Other Lending Rates
In addition to the MCLR remaining unchanged, the existing Repo linked Lending Rate (RLLR) of 8.35% (including BSP of 0.10%) and the Base Rate of 9.50% will also remain unchanged.
Source: BSE
