Latest loan interest rates of ICICI Bank, PNB, Bank of India and Yes Bank

Will home loan EMIs fall as RBI holds repo rates? Do this now to ease burden of EBLR, MCLR, base rate and BPLR loans

Here’s the latest MCLR ICICI Bank, PNB, Bank of India and Yes Bank, these are effective from January 1, 2024.

ICICI Bank lending rates

According to the ICICI Bank website, the bank has hiked its MCLR by 10 basis points with effect from January 1, 2024. The overnight rate is 8.6% from 8.5%. The MCLR based lending rate for one-month is 8.6% from 8.5%. The three-month rate is 8.65% from 8.55%. The six-month rate is 9% from 8.90%. The one-year rate is 9.10% from 9%.

PNB lending rates

According to the PNB website, the bank has hiked its MCLR by 5 basis points with effect from January 1, 2024. The overnight rate is 8.25% from 8.2%. The MCLR based lending rate for one-month is 8.30% from 8.25%. The three month rate is 8.40% from 8.35%. The six month rate is 8.60% from 8.55%. The one year rate is 8.70% from 8.65%.

Yes Bank lending rates
According to the Yes bank website, the new rates are with effect from January 1, 2024. The overnight rate is 9.2%. The MCLR based lending rate for one-month is 9.45%. The three month rate is 10%. The six month rate is 10.25%. The one-year rate is 10.50%.

Bank of India lending rates
According to the Bank of India website, the bank has hiked by 5 bps on overnight tenure and will be effective from January 1, 2024. The overnight rate is 8% from 7.95%. The MCLR based lending rate for one-month is 8.25%. The three-month rate is 40%. The six month rate is 8.60%. The one-year rate is 8.80%.