Vijaya Bank reduces Marginal Cost of Funds based Lending Rate (MCLR) upto 15 bps.

Vijaya Bank reduces Marginal Cost of Funds based Lending Rate (MCLR) upto 15 bps.

As per RBI guidelines, all floating rate rupee loans sanctioned and credit limits renewed w.e.f April 1, 2016 are to be priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR).

Consequent upon the review, Vijaya Bank has revised the following benchmark MCLR rates with effect from 07/09/2017:

Tenor Existing MCLR % Revised MCLR %
Overnight 8.10 8.10
One month 8.10 8.10
Three month 8.20 8.20
Six month 8.60 8.50
One year 8.65 8.50
Two years 8.65 8.65
Three years 8.75 8.75

These rates are valid till the next review.

For the latest information please visit Bank’s website https://www.vijayabank.com

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