Bank of Maharashtra reduces Lending Rates (MCLR)
Pune, 6 April 2019: Bank of Maharashtra has reviewed and reduced its marginal cost of funds based lending rates (MCLR) wef 7thApril 2019.
The new rates are as under.
|
Tenor |
MCLR rates p.a. |
|
Overnight MCLR |
8.20 % |
|
1 month MCLR |
8.25 % |
|
3 month MCLR |
8.45 % |
|
6 months MCLR |
8.50 % |
|
1 year MCLR |
8.70 % |
The Base rate is kept unchanged @ 9.50% p.a.
