RBI repo rate impact on loans

Bank of India Cuts MCLR from July 1: Home and Personal Loan EMIs to Get Cheaper

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Bank-of-India

New Delhi – In a move that brings welcome relief to borrowers, Bank of India (BOI) has reduced its Marginal Cost of Funds-based Lending Rate (MCLR) by 5 basis points (0.05%) across multiple tenures. The revised rates came into effect from July 1, 2025, and are expected to lower the EMIs on home loans, personal … Read more

UCO Bank Reduces MCLR Across All Tenures from June 10, Loans to Become Cheaper

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UCO Bank

New Delhi – In a major development that brings relief to borrowers, UCO Bank, one of India’s leading public sector banks, has announced a cut in its Marginal Cost of Funds-Based Lending Rate (MCLR) across all tenures, effective June 10, 2025. The move follows the Reserve Bank of India’s (RBI) recent decision to slash the … Read more

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