Bank Of India has informed the Exchange regarding 'Change in Marginal Cost of Fund Based Lending Rate (MCLR) & Fixed Rate Spread (FRS) w.e.f.01.09.2025'.
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Bank of India has revised its Marginal Cost of Fund based Lending Rate (MCLR) across various tenors, effective from 01st September 2025. The Repo Based Lending Rate (RBLR) remains unchanged. The Fixed Rate Spread (FRS) for Fixed Rate Retail Loans is set at 1.50%, making the overall rate of interest on such loans 10.50% (3-year MCLR + FRS). The Overnight MCLR stays at 7.95%, while other tenors (1-month, 3-month, 6-month, 1-year, and 3-year MCLRs) have been revised upward or downward by a few basis points. This is a routine periodic revision of lending benchmark rates by the bank.
Short-term MCLRs have come down, which may translate into slightly lower EMIs or interest costs for new short-tenure borrowers, while the mixed changes in longer tenors mean limited net impact for existing retail customers. The unchanged RBLR signals stability in the bank's overall policy stance, and the revision is unlikely to cause a material stock price movement as it is a routine operational update.