UCO Bank Reduces MCLR Big Relief for Home Loan and Personal Loan Borrowers
New Delhi, January 2026 – UCO Bank has revised its loan benchmark rates, including MCLR (Marginal Cost of Funds based Lending Rate) and TBLR (Treasury Bill Linked Rate), effective 11 January 2026. This move is aimed at making loans more affordable for homebuyers, small businesses, and individual borrowers.
The MCLR reduction ranges from 0.05% to 0.10% across tenors, while TBLR rates have also been slightly lowered. Borrowers with loans linked to these benchmarks may see an immediate impact on their EMIs.
Revised MCLR Rates (Effective 11 January 2026)
-
Overnight: 7.90% (previously 7.95%)
-
One Month: 8.15% (previously 8.20%)
-
Three Months: 8.40% (previously 8.45%)
-
Six Months: 8.65% (previously 8.70%)
-
One Year: 8.75% (previously 8.80%)
Revised TBLR Rates (Effective 11 January 2026)
-
3 Months: 5.30% (previously 5.40%)
-
6 Months: 5.50% (previously 5.55%)
-
12 Months: 5.50% (previously 5.55%)
Other Benchmark Rates
-
1-Year G-Sec Rate: 5.59% (unchanged)
-
10-Year G-Sec Rate (YTM): 6.78% (previously 6.66%)
-
Repo Linked Rate – UCO Float: 8.05%
-
Repo Linked Rate – UCO Prime: 5.25%
-
Base Rate: 9.60%
-
BPLR: 14.25%
Key Highlights for Borrowers
-
Reduction effective 11 January 2026
-
Positive impact on home loans, personal loans, and business loans
-
Borrowers with MCLR or TBLR linked loans may see immediate reduction in EMIs
-
Base Rate, BPLR, and 1-year G-Sec remain unchanged
This rate revision reflects UCO Bank’s commitment to offering competitive loan rates and supporting customers in managing their finances efficiently.