New Delhi, January 31, 2025 – Punjab National Bank (NSE: PNB, BSE: 532461) has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors, effective February 1, 2025.
The revised MCLR rates are as follows:
| Tenor | Existing MCLR | Revised MCLR (w.e.f. 01.02.2025) |
|---|---|---|
| Overnight | 8.35% | 8.40% |
| One month | 8.45% | 8.50% |
| Three months | 8.65% | 8.70% |
| Six months | 8.85% | 8.90% |
| One year | 9.00% | 9.05% |
| Three years | 9.30% | 9.35% |
This MCLR revision may impact borrowers with floating rate loans linked to MCLR, leading to a marginal rise in EMIs for home, auto, and personal loans.
For further details, stakeholders and customers can contact PNB’s Share Department at [email protected].