Home Loan Interest Rate: Many banks have changed their marginal cost of lending rates in January 2024. This includes many banks like IDBI, HDFC, PNB, Bank of India.
Home Loan Interest Rate: PNB has decided to increase its MCLR by 5 basis points on January 1, 2024. Now the bank is offering MCLR ranging from 8.25 percent to 8.65 percent on loans ranging from overnight to one year.
ICICI Bank has announced an increase in its MCLR by 10 basis points on January 1, 2024. After this, the bank is offering MCLR ranging from 8.60 percent to 9 percent on loans ranging from overnight to 1 year.
Yes Bank has also increased its MCLR by 5 basis points from January 1, 2024. After the implementation of the new rates, the bank is offering MCLR ranging from 8 percent to 8.80 percent on loans ranging from overnight to 1 year.
Bank of Baroda has announced an increase in MCLR rates by 5 basis points on January 12, 2024. Since then, the MCLR of the bank for overnight to one year period has increased from 8.05 percent to 8.75 percent.
Canara Bank has also announced an increase in MCLR by 5 basis points. Since then, the overnight and three-year MCLR of the bank has reached from 8.05 percent to 8.75 percent.
HDFC Bank has also increased MCLR by 10 basis points. After this, the bank is offering interest rates ranging from 8.30 percent to 9.30 percent on MCLR for tenure ranging from one month to one year.
Bank of India has increased its MCLR by 5 basis points. These rates have come into effect from January 1. After this, the bank is offering interest rates ranging from 8 percent to 8.80 percent for periods ranging from overnight to 1 year.
IDBI Bank has announced the increase in its MCLR on January 12. Since then, the bank’s MCLR has reached 8.30 percent to 9 percent for tenures ranging from overnight to 1 year.
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