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Bank of Baroda MCLR Rate 2026

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Current Bank of Baroda MCLR rates range from 7.80% - 8.75% for different tenures w.e.f 12.03.2026. The MCLR is the minimum interest rate that the bank can charge for its loans. The bank fixes this rate every month.

  • MCLR Rate of Top Banks
  • BOB MCLR Rate Trend
  • Bank of Baroda 1 Year MCLR
  • Bank of Baroda MCLR Base Rate History
  • Latest MCLR Loan Interest Rates of SBI, ICICI Bank, HDFC Bank

MCLR Rate of Top Banks 2026

The Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum interest rate a lender can charge on a specific loan. The MCLR influences the lower limit of the MCLR-based loan interest rate.

Following are Bank of Baroda MCLR and MCLR rates of top banks in India at present: 

Bank NameOvernight1 Month3 Months6 Months1 Year2 Years3 Years
Bank of Baroda7.80%7.90%8.15%8.45%8.70%NANA
Canara Bank7.85%7.90%8.15%8.50%8.70%8.95%9.00%
Yes Bank9.00%9.65%9.65%9.75%9.80%NANA
HDFC Bank8.15%8.15%8.25%8.35%8.35%8.45%8.55%
ICICI Bank8.60%8.60%8.65%9.00%9.10%NANA
SBI8.20%8.45%8.50%8.85%8.95%9.05%9.10%
PNB7.95%8.20%8.40%8.60%8.75%NA9.05%
Axis Bank8.60%8.60%8.70%8.75%8.80%8.90%8.95%
IndusInd Bank9.75%9.80%9.90%10.00%10.05%10.10%10.15%
IDFC FIRST Bank10.20%10.20%10.40%10.60%10.70%NANA
Bank of India7.70%8.05%8.20%8.60%8.75%NA8.90%
Federal Bank9.45%9.50%9.55%9.65%9.70%NANA
IDBI Bank8.40%8.55%8.85%9.10%9.15%9.70%10.10%
UCO Bank7.90%8.15%8.40%8.65%8.75%NANA
Kotak Bank7.50%7.85%8.35%8.40%8.40%8.45%8.55%
HSBC Bank8.30%8.45%8.60%8.70%8.75%NANA

BOB MCLR Rate Trend

Below is the BOB MCLR trend in the year 2026:

Last MCLR Updated DateTenureMCLR
12.03.2026Overnight7.80%
1 Month7.90% 
3 Months8.15% 
6 Months8.45% 
1 Year8.70% 
12.10.2025Overnight7.85%
1 Month7.90% 
3 Months8.20% 
6 Months8.60% 
1 Year8.75% 
12.08.2024Overnight8.15%
1 Month8.35% 
3 Months8.50% 
6 Months8.75% 
1 Year8.95% 
12.07.2024Overnight8.15%
1 Month8.35% 
3 Months8.45% 
6 Months8.70% 
1 Year8.90% 
12.04.2024Overnight8.10%
1 Month8.30% 
3 Months8.45% 
6 Months8.65% 
1 Year8.85% 
12.03.2024Overnight8.05%
1 Month8.30% 
3 Months8.40% 
6 Months8.60% 
1 Year8.80% 
12.02.2024Overnight8.05%
1 Month8.30% 
3 Months8.40% 
6 Months8.60% 
1 Year8.80% 

Bank of Baroda 1 Year MCLR

As of now, the 1-year MCLR Bank of Baroda is 8.75% effective from October 12, 2025. The MCLR of Bank of Baroda is updated every month on the 12th. Even a little change in the MCLR rate can affect your BOB loan interest rate significantly. Hence, you must check the updated MCLR every month.

Following is the 1-year Bank of Baroda MCLR history for the year 2025:

Date of UpdateTenureMCLR
12.10.20251 Year8.75%
12.08.20241 Year8.95%
12.07.20241 Year8.90%
12.04.20241 Year8.85%
12.03.20241 Year8.80%
12.02.20241 Year8.80%
12.01.20241 Year8.80%
12.07.20231 Year8.65%
12.05.20231 Year8.60%
12.04.20231 Year8.60%
12.01.20221 Year7.30%
12.02.20221 Year7.30%
12.03.20221 Year7.30%
12.04.20221 Year7.35%
12.05.20221 Year7.50%
12.06.20221 Year7.50%
12.07.20221 Year7.65%
12.08.20221 Year7.70%
12.09.20221 Year7.80%
12.10.20221 Year7.95%
12.11.20221 Year8.05%
12.12.20221 Year8.30%
12.04.20231 Year7.95%

Bank of Baroda MCLR Base Rate History

There has been a frequent change in the MCLR rate Bank of Baroda this year. Following is the BOB MCLR rate history for the year 2025:

Last MCLR Updated DateMCLR
12.10.20257.85% - 8.75%
12.08.20248.15% - 8.95%
12.07.20248.15% - 8.90%
12.04.20248.10% - 8.85%
12.03.20248.05% - 8.80%
12.02.20248.05% - 8.80%
12.01.20248.05% - 8.80%
12.07.20237.95% - 8.65%
12.05.20237.95% - 8.60%
12.04.20237.95% - 8.60%
12.12.20227.50% - 8.30%
12.11.20227.25% - 8.05%
12.10.20227.10% - 7.95%
12.09.20227.00% - 7.80%
12.08.20226.85% - 7.70%
12.07.20226.80% - 7.65%
12.06.20226.80% - 7.50%
12.05.20226.80% - 7.50%
12.04.20226.50% - 7.35%
12.03.20226.45% - 7.30%
12.02.20226.45% - 7.30%
12.01.20226.45% - 7.30%

Latest MCLR Loan Interest Rates of SBI, ICICI Bank, HDFC Bank

Following are the latest MCLR loan interest rates of SBI, ICICI Bank, and HDFC Bank:

Bank NameOvernight1 Month3 Months6 Months1 Year2 Years3 Years
HDFC Bank8.15%8.15%8.25%8.35%8.35%8.45%8.55%
ICICI Bank8.60%8.60%8.65%9.00%9.10%NANA
SBI8.20%8.45%8.50%8.85%8.95%9.05%9.10%

Bank of Baroda MCLR Rate FAQs

The current MCLR rate of BOB Bank is as follows w.e.f. 12.03.2026:

Overnight7.80%
1 Month7.90%
3 Months8.15%
6 Months8.45%
1 Year8.70%

MCLR is the rate below which a bank cannot charge interest on a loan from its customers. MCLR is set by the bank according to the guidelines set by the RBI. It is usually revised half-yearly or on an annual basis. BRLLR is linked to the Repo Rate set by RBI and is revised from time to time. Every bank has a different BRLLR. The BRLLR is changed every time there is a change in Repo Rate.

RLLR is an external benchmark linked to RBI’s Repo Rate. If there is a change in the RBI’s Repo Rate, it would also affect your loan interest rate. There is greater standardisation and transparency if borrowers get loans linked to RLLR. MCLR is an internal benchmarking wherein the bank sets its rate of interest considering its own cost of funds. Not just the Repo Rate, but other factors like banking system liquidity, low-cost deposits, etc., also affect the interest rate.

Functionally, both are similar, as both function as the lower limit of interest rates that a lender can charge the borrower.

The current 1-year MCLR of BOB is 7.80% w.e.f. 12.03.2026.

You can contact the concerned bank on their customer care number or visit your nearest bank branch to switch a home loan base rate to MCLR.

MCLR is directly linked with the EMIs of the loan availed by the lender. The rate cut by RBI has a direct impact on the EMIs. MCLR rate determines the monthly installments paid by the borrower against a loan.

The cost of lending varies for the period of the loan. A higher duration of the loan means higher risk involved. To cover the risk, the lender will shift the load to the borrowers by charging a fixed premium. This premium is called the Tenure Premium.

MCLR has internal linking, in which the lenders decide rates after considering their own costs. The repo rate is not the primary factor in determining the rate. Repo-linked lending rates have external linking, which means that with every change in repo rate, the rate of interest changes immediately.

The current MCLR rate of the Bank of Baroda is as follows:

Overnight1 Month3 Months6 Months1 Year2 Years
7.80%7.90%8.15%8.45%8.70%NA
Updated On Apr 3, 2026
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