OBC Bank Slashes 1-Year MLCR Rate To 8.7%

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OBC’s home loan interest rate starts from 8.70%, which is one of the best home loan rates in India. The rates vary by loan amount, occupation, income and type of loan availed. The rates vary by loan amount, occupation, income and type of loan availed.

Oriental Bank Of Commerce FD Calculator. For medium term deposit, the interest rate is 8.00% per annum for a tenure period of 270 days to 1 year. The interest rate is 8.60% per annum for a tenure period of 1 year to 2 years.

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OBC slashes one-year MCLR by 5 bps to 8.70% The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with effect from June 11, 2019, it said in a regulatory filing.

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OBC bank slashes 1-year mlcr Rate To 8.7% SBI slashes interest rates on car, consumer goods loans. – State Bank of India (SBI) on Wednesday reduced interest rates on loans for car and consumer durables and also decided to lower processing charges to cash in on the festival season demand.

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MCLR : New Lending Rate on Bank Loans w.e.f Apr 2016 – Details, Components & Review Last updated: June 6, 2018 | by Sreekanth Reddy 216 Comments The Reserve Bank of India has issued new guidelines for setting lending rate (on loans) by commercial banks under the name Marginal Cost of Funds based Lending Rate (MCLR) .

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Oriental Bank of Commerce (OBC) has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenure for the month of January. It will make retail loans costlier for the customers. Now six-month MCLR stands at 8.70% and that of one year at 8.75%. The revised rates are effective from January 11, 2019.