Utility News: For this loan from the Bank of Baroda, more money will have to be paid from tomorrow

In the very first month of the year 2023, the Bank of Baroda has given a big blow to its customers. Increasing the interest rate on behalf of the bank, it has given a big blow to crores of customers. According to reports, the marginal cost-based lending rate has been increased by 0.35 percent from the bank.

With this move of the bank, the loan linked to the benchmark loan rate will become costlier from tomorrow. According to the information given by the Bank of Baroda to the stock market, the new rates will be effective from Thursday.

At the same time, one-day MCLR has been increased from 7.50 to 7.85 percent. Along with this, one-month, three months, six months, and one-year MCLR has also been increased.