UNION BANK OF INDIA REDUCES LENDING RATES UPTO 20 BPS ACROSS TENORS

by Shrutee K/DNS


Mumbai- July 30, 2019: Union Bank of India has reduced Marginal Cost of Funds- based Lending rate (MCLR) upto 20 basis points across various tenors. Our bank has reduced both overnight and one month MCLR to 8.10% from 8.25% and 8.30% respectively. Three months and six months MCLR has been reduced by 10 bps to 8.25% and 8.35%. One year MCLR will come down from 8.55% to 8.50%. “As a result, interest rates on all loans linked to MCLR stand reduced upto 20 basis points with effect from 1 August 2019”. This is the second rate cut by our bank since June 2019. “Taking a cue from the latest measures announced by the Reserve Bank of India (RBI) and to support growth of the economy, we have reduced lending rates upto 20 bps across various tenors”.

The rates effective from 1st August, 2019 are as follows:-

Tenor
MCLR (%)
Overnight MCLR
8.10%
1 Month MCLR
8.10%
3 Months MCLR
8.25%
6 Months MCLR
8.35%
1 year MCLR
8.50%


Comments

  1. Awesome post! Loved it! To grab skin care products, contact Skeyndor India – the leading skin care brand in India that offers a range of professional skin care and body care products at best rate to people.

    best skin products in india

    ReplyDelete

Post a Comment

Popular posts from this blog

सभी माओं को सुष्मिता सेन का संदेश: अब 'हाँ' अधिक बार कहिये

World’s 1st Tech-Enabled Courier Papers N Parcels Launched by 13-year-old Tilak Mehta

''Sepia'' to be screened at MAMI