BOB Updates Lending Rates; 1-Year MCLR Set at 8.75%

by- PSU Connect
12 Jan 2026

Bank of Baroda revises MCLR, Base Rate, and BPLR effective January 12, 2026. Check updated Overnight, 1 Month, 3 Month, 6 Month, and 1 Year MCLR rates.

BOB Updates Lending Rates; 1-Year MCLR Set at 8.75%

Mumbai, January 12, 2026 – Bank of Baroda has announced a revision in its lending rates, including the Marginal Cost of Funds based Lending Rate (MCLR), Base Rate, and Benchmark Prime Lending Rate (BPLR), effective immediately.

The central bank’s Repo Rate remains steady at 5.25%, while the MCLR rates for different tenors are: Overnight at 7.80%, 1 Month at 7.90%, 3 Months at 8.15%, 6 Months at 8.50%, and 1 Year at 8.75%.

The Base Rate, effective from May 12, 2025, is 9.45% per annum, and the BPLR continues at 13.75% per annum.

This move by Bank of Baroda aims to provide borrowers with clear and transparent lending options aligned with current market conditions. Customers are advised to check with their nearest branch or visit the official website for details on loans and related financial products.