UCO Bank MCLR Rate
UCO Bank MCLR ranges from 7.90% - 8.75% w.e.f 11-01-2026 for overnight to 1-year tenures. MCLR is the minimum rate below which the bank cannot levy interest rates for loans. These MCLR rates are the deciding factor for the interest rates on different loans.
MCLR Rate by Top Banks
MCLR is the abbreviation of the Marginal Cost of the Fund-Based Lending Rate. It is an internal reference rate that the Reserve Bank of India (RBI) fixes for banks in India. MCLR helps all banks in India determine the minimum rate of interest for different types of loan categories like home loans, personal loans, etc. MCLR is the minimum interest rate below which banks cannot offer loan interest rates, or else they will have to go through strict regulatory action.
Following are the current UCO Bank MCLR and MCLR rates of other top banks in India:
| Bank Name | Overnight | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|---|---|
| UCO Bank | 7.90% | 8.15% | 8.40% | 8.65% | 8.75% | NA | NA |
| Canara Bank | 7.85% | 7.90% | 8.15% | 8.50% | 8.70% | 8.95% | 9.00% |
| Yes Bank | 9.00% | 9.65% | 9.65% | 9.75% | 9.80% | NA | NA |
| Axis Bank | 8.60% | 8.60% | 8.70% | 8.75% | 8.80% | 8.90% | 8.95% |
| ICICI Bank | 8.60% | 8.60% | 8.65% | 9.00% | 9.10% | NA | NA |
| SBI | 8.20% | 8.45% | 8.50% | 8.85% | 8.95% | 9.05% | 9.10% |
| PNB | 7.95% | 8.20% | 8.40% | 8.60% | 8.75% | NA | 9.05% |
| Bank of Baroda | 7.80% | 7.90% | 8.15% | 8.45% | 8.70% | NA | NA |
| HDFC Bank | 8.15% | 8.15% | 8.25% | 8.35% | 8.35% | 8.45% | 8.55% |
| IDFC FIRST Bank | 10.20% | 10.20% | 10.40% | 10.60% | 10.70% | NA | NA |
| Bank of India | 7.70% | 8.05% | 8.20% | 8.60% | 8.75% | NA | 8.90% |
| Federal Bank | 9.45% | 9.50% | 9.55% | 9.65% | 9.70% | NA | NA |
| IDBI Bank | 8.40% | 8.55% | 8.85% | 9.10% | 9.15% | 9.70% | 10.10% |
| IndusInd Bank | 9.75% | 9.80% | 9.90% | 10.00% | 10.05% | 10.10% | 10.15% |
| Kotak Bank | 7.50% | 7.85% | 8.35% | 8.40% | 8.40% | 8.45% | 8.55% |
| HSBC Bank | 8.30% | 8.45% | 8.60% | 8.70% | 8.75% | NA | NA |
You can also apply for a UCO Bank Loan Against Property and check benefits online.
UCO Bank MCLR Rate Today
UCO MCLR rate is competent and ranges from 7.90% - 8.75% for overnight to 1-year tenures with effect from 10th Jan 2026.. UCO Bank is a trustworthy Indian public sector bank that offers a variety of lending as well as banking products and services. The bank revised its MCLR in July, due to which its lending products became affordable for its customers.
UCO Bank decides its MCLR every month on the 10th. Below is the current UCO Bank MCLR rate with effect from 11.01.2026:
| MCLR Rate | UCO Bank |
|---|---|
| Over Night | 7.90% |
| One Month | 8.15% |
| Three Month | 8.40% |
| Six Months | 8.65% |
| One Year | 8.75% |
UCO Bank Home Loan Interest Rate & MCLR
The Current MCLR of UCO Bank with effect from 10th Jan, 2026 is mentioned below:
| Tenure | UCO Bank MCLR |
|---|---|
| Overnight | 7.90% |
| 1 Month | 8.15% |
| 3 Months | 8.40% |
| 6 Months | 8.65% |
| 1 Year | 8.75% |
The current UCO Bank MCLR-linked home loan interest rates range from 7.90% - 8.75% per annum. Even a little change in the MCLR can affect your UCO Bank home loan interest rate and EMI to be paid.
Following are the current home loan interest rates at UCO Bank linked to its current 1-year MCLR:
Home Loan
| Loan Amount | Spread | Effective Interest Rate |
|---|---|---|
| For Home Loan upto Rs 30 Lac | 8.35% MCLR + 0% Spread | 8.35% p.a. |
| For Home Loan above Rs 30 lac and upto Rs 75 Lac | 8.30% MCLR + 0.10% Spread | 8.40% p.a. |
| For Home Loan above Rs 75 Lac | 8.35% MCLR + 0.25% Spread | 8.50% p.a. |
A concession of 0.10% will be applicable on the rate of interest mentioned above for preferred customers.
Other Home Loan Schemes
| Scheme | Spread | Effective Interest Rate |
|---|---|---|
| UCO Corporate Home Loan - Corporates having internal rating UCO 3 & above | 8.35% MCLR + 2.15% Spread | 10.50% p.a. |
| UCO Corporate Home Loan - Others | 8.35% MCLR + 3.15% Spread | 11.50% p.a. |
1 Year MCLR of UCO Bank
UCO Bank’s 1-year MCLR is 8.75% with effect from 10th Jan 2026. The 1-year MCLR of UCO Bank is updated every month on the 11th.
Even a little change in the MCLR can affect your UCO Home Loan interest rate linked to MCLR or interest rate on other MCLR-linked lending products offered by the bank. Hence, it is advised to check the updated MCLR rate of the bank before you apply for the loan. A change in MCLR can affect your loan Equated Monthly Instalments (EMIs) as well.
UCO Bank MCLR Rate History
There has been a significant fluctuation in the MCLR rate of UCO Bank in the past few years. Following is the UCO Bank MCLR rate history till date:
| Last MCLR Updated Date | MCLR |
|---|---|
| 10.01.2026 | 7.90% - 8.75% |
| 10.10.2025 | 8.00% - 8.85% |
| 10.02.2025 | 8.25% - 9.10% |
| 10.08.2024 | 8.20% - 8.95% |
| 10.07.2024 | 8.15% - 8.90% |
| 10.06.2024 | 8.10% - 8.90% |
| 10.03.2024 | 8.10% - 8.85% |
| 10.06.2023 | 7.90% - 8.65% |
| 10.04.2023 | 7.85% - 8.60% |
| 10.01.2023 | 7.50% - 8.25% |
| 10.12.2022 | 7.35% - 8.10% |
| 10.02.2020 | 7.70% - 8.30% |
| 10.01.2020 | 7.70% - 8.30% |
| 10.12.2019 | 7.70% - 8.30% |
| 10.09.2019 | 7.85% - 8.45% |
| 10.05.2019 | 8.05% - 8.65% |
| 10.01.2019 | 8.15% - 8.70% |
| 10.12.2018 | 8.15% - 8.70% |
| 10.09.2018 | 8.10% - 8.65% |
| 10.05.2018 | 7.90% - 8.45% |
| 10.01.2018 | 7.90% - 8.45% |
| 10.12.2017 | 8% - 8.45% |
| 10.09.2017 | 8% - 8.45% |
| 10.04.2017 | 8.15% - 8.60% |
UCO Bank MCLR Rate FAQs
The Current MCLR of UCO Bank with effect from 10th Jan 2026 are mentioned below:
| Tenure | UCO Bank MCLR |
|---|---|
| Overnight | 7.90% |
| 1 Month | 8.15% |
| 3 Months | 8.40% |
| 6 Months | 8.65% |
| 1 Year | 8.75% |
UCO MCLR rate today ranges from 7.90% - 8.75% for different tenures.
No. As the decision to switch to MCLR from the base rate majorly depends on the actual benefits and the transfer cost of the bank, various banks charge differently for this switch.
Looking at the UCO Bank base rate history and MCLR history, it can be said that MCLR is better than the base rate for calculating interest rates.
Based on the cost of borrowings, the RBI has determined the below-mentioned formula for calculating MCLR:
MCLR = (Marginal borrowing cost * 92%) + (Return on net worth * 8%)
The current UCO Bank 1-year MCLR (i.e. 8.75%) linked home loan interest rates range from 8.15% - 9.75% per annum.
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