Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective 30 November 2025. The change will impact interest rates on loans linked to the MCLR benchmark, including certain corporate, MSME, and legacy retail loan products.
The revision reflects the bank’s alignment with prevailing liquidity conditions and monetary policy trends, a move commonly adopted by banks to recalibrate lending costs.
As per the latest notification, the revised MCLR rates across tenors are as follows:
In addition, the Repo Rate Linked Lending Rate (RLLR) stands at 8.05% per annum, effective 8 December 2025, which applies to most new retail loans such as home loans and personal loans.
Borrowers whose loans are directly linked to MCLR will see interest rate revisions based on their reset period—monthly, quarterly, or annually. Existing customers may experience a marginal change in EMIs or loan tenure depending on their loan agreement.
Most new retail loans today are linked to the repo rate, which offers faster transmission of RBI policy changes. To understand which benchmark applies to your loan, it is advisable to review your sanction letter or consult a loan expert.
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With frequent benchmark revisions, borrowers should periodically reassess their loan terms. A lower spread or switching to a repo-linked loan structure may result in long-term savings.
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The latest MCLR revision by Bank of Maharashtra highlights the dynamic nature of lending rates in India. While the immediate impact may be moderate, borrowers should stay informed and proactive to optimize their loan costs.
For the latest updates on bank interest rates, RBI policy impact, and loan comparison, continue following QuickLoanExpert.com.
MCLR (Marginal Cost of Funds Based Lending Rate) is the minimum interest rate below which Bank of Maharashtra cannot lend, except for special cases permitted by RBI. It acts as a benchmark for pricing certain loans.
Bank of Maharashtra revised its MCLR with effect from 30 November 2025.
The latest 1-Year MCLR of Bank of Maharashtra is 8.85% per annum.
Your EMI will change only if your loan is MCLR-linked and has reached its reset date. Most new home loans are repo-linked and may not be directly impacted.
MCLR is based on the bank’s internal cost of funds, while RLLR is directly linked to the RBI repo rate, allowing faster transmission of policy rate changes.
