Latest loan interest rates of ICICI Bank, PNB, Bank of India and Yes Bank

Several banks have upwardly revised their marginal cost of lending rates (MCLR) on select tenures. ICICI Bank has hiked by 10 basis points (bps), PNB has hiked by 5 bps. While Bank of India has hiked by 5 bps on single tenure. Here’s the latest MCLR ICICI Bank, PNB, Bank of India and Yes Bank, these are effective from January 1, 2024.

According to the ICICI Bank website, the bank has hiked its MCLR by 10 basis points with effect from January 1, 2024. The overnight rate is 8.6% from 8.5%. The MCLR based lending rate for one month is 8.6% from 8.5%. The three month rate is 8.65% from 8.55%. The six month rate is 9% from 8.90%. The one year rate is 9.10% from 9%.

According to the PNB website, the bank has hiked its MCLR by 5 basis points with effect from January 1, 2024. The overnight rate is 8.25% from 8.2%. The MCLR based lending rate for one month is 8.30% from 8.25%. The three month rate is 8.40% from 8.35%. The six month rate is 8.60% from 8.55%. The one year rate is 8.70% from 8.65%.

According to the Yes bank website, the new rates are with effect from January 1, 2024. The overnight rate is 9.2%. The MCLR based lending rate for one month is 9.45%. The three month rate is 10%. The six month rate is 10.25%. The one year rate is 10.50%. According to the Bank of India website, the bank has hiked by 5 bps on overnight tenure and will be effective from January 1, 2024.

The overnight rate is 8% from 7.95%. The MCLR based lending rate for one month is 8.25%. The three month rate is 40%. The six month rate is 8.60%. The one year rate is 8.80%..