Rate Reset Alert! Bank of India’s Overnight MCLR ( Marginal Cost of Funds-Based Lending Rate ) Set at 8.15%-Will Your EMIs Drop?

Unknown Apr 02, 2026 900 Views

Bank of India has announced a revision in its Marginal Cost of Funds-Based Lending Rate (MCLR) for the overnight tenor, setting the new rate at 8.15% effective May 1, 2025. This adjustment comes as part of the bank’s periodic review of lending rates, which directly impacts the interest rate...