This public sector bank has given a big shock to its customers. Actually, the bank has increased the Marginal Cost Based Lending Rate (MCLR) and Treasury Bill Linked Lending Rate (TBLR) by 0.5 percent… due to which customers will have to pay more EMI from today.
Public sector UCO Bank has given a big shock to its customers. Actually, UCO Bank has increased the Marginal Cost Based Lending Rate (MCLR) and Treasury Bill Linked Lending Rate (TBLR) by 0.5 percent for all tenures. Now taking loan from the bank will become expensive. The new rates of the bank will be applicable from September 10, 2023.
Increase in MCLR and TBLR can make taking loan from the bank expensive. Now you will have to pay more EMI than before on taking the loan. This will have a direct impact on the pockets of customers.
MCLR rates of UCO Bank-
UCO Bank has increased the overnight MCLR rate from 7.90 percent to 7.95 percent. One month MCLR has been increased from 8.10 percent to 8.15 percent. MCLR for 3 months has been increased from 8.25 percent to 8.30 percent. 6 months MCLR has been increased from 8.50 percent to 8.55 percent and 1 year MCLR has been increased from 8.65 percent to 8.70 percent. The new interest rate will be applicable from September 10.
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