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iob_bank_lending-rates

Last Updated:26/01/2026
Lending-rates

 

External Benchmark Lending Rates (EBLR)

The effective RLLR will be 8.35%(i.e. 5.50% + 2.85%= 8.35%) with effect from 12.06.2025. Reset of interest rate for existing RLLR linked accounts will be effective from 12.06.2025.

The applicable Strategic Premium and Risk Premium will continue to be at the current levels until further review.

Base Rate

The Effective Base Rate will be 9.80% with effect from 15.08.2025 until further review.

External Benchmark Lending Rates (EBLR)

Tenor

Existing MCLR % w.e.f 12.06.2025

Revised MCLR % w.e.f 15.12.2025

Repo Linked Lending Rate (RLLR)

8.35%

8.10%

Repo Rate

5.50%

5.25%

Lending Rates (MCLR)

Tenor

Existing MCLR % w.e.f 15.12.2025

Revised MCLR % w.e.f 15.01.2026

Overnight MCLR

8.00

7.95

One - Month MCLR

8.30

8.30

Three - Month MCLR

8.40

8.40

Six - Month MCLR

8.65

8.65

One Year MCLR

8.80

8.80

Two Year MCLR

8.80

8.80

Three Year MCLR

8.85

8.85

*Interest Rate of loans for overnight tenor MCLR and One month MCLR shall be sanctioned only by The Top Management at Central Office. It is further clarified that discretion to sanction Overnight and One-Month MCLR is not available with other functionaries.