After RBI’s Repo Rate Cut, THESE 6 Banks Slash Loan Rates: HDFC, BoB, UCO, BoI & More– Check Full List

New Delhi: In a transfer that brings aid to debtors, six main banks have slashed their benchmark lending charges after the Reserve Bank of India (RBI) diminished the repo charge through 50 foundation issues on June 6, 2025. Aligning with the central financial institution’s resolution, maximum lenders have lower charges on repo rate-linked loans through 50 bps, whilst some have additionally reduced their Marginal Cost of Funds-Based Lending Rates (MCLR) through as much as 20 foundation issues.

Bank of Baroda 

Bank of Baroda has diminished its repo rate-linked lending charge (RLLR) through 50 foundation issues, following the RBI’s contemporary charge lower. The revised charges got here into impact on June 7, bringing the financial institution’s RLLR all the way down to 8.15 according to cent. This transfer is predicted to make loans extra reasonably priced for debtors.

Bank of India Rate Cut

Bank of India has reduced its Repo Rate Linked Lending Rate (RRLR) through 50 foundation issues, making loans extra reasonably priced for debtors. With this revision, RRLR-based loans now get started at 8.35 according to cent. The new charges got here into impact on June 6, 2025.

HDFC Bank lending charge lower

HDFC Bank just lately diminished its Marginal Cost of Funds-based Lending Rates (MCLR) through 10 foundation issues throughout all tenures, efficient from June 7, 2025. This transfer advantages debtors with MCLR-linked loans. After the revision, the financial institution is charging 8.9 according to cent passion on in a single day and one-month loans, 8.95 according to cent for three-month loans, and 9.05 according to cent for six-month and one-year tenures.

UCO Bank Rate Cut

UCO Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) throughout all tenures, with the revised charges taking impact from lately, June 10, 2025. The in a single day MCLR has been lower to 8.15 according to cent, whilst the one-month charge is now 8.35 according to cent. The financial institution has additionally diminished the three-month MCLR to 8.5 according to cent, six-month to 8.8 according to cent, and one-year MCLR to 9 according to cent. In addition, UCO Bank has slashed its Repo Rate Linked Lending Rate (RRLR) through 50 foundation issues to 8.3 according to cent, efficient June 9.

Punjab National Bank mortgage charge lower

Punjab National Bank has lower its Repo Rate Linked Lending Rate (RRLR) through as much as 50 foundation issues, efficient June 9, 2025. With this revision, the financial institution’s house mortgage rates of interest now get started at 7.45 according to cent, and automobile loans start at 7.8 according to cent according to annum, making borrowing extra reasonably priced for purchasers.

Karur Vysya Bank Rate Cut

Karur Vysya Bank has diminished its MCLR-linked mortgage charges, bringing some aid to debtors. The six-month MCLR has been lower through 10 foundation issues to 9.8 according to cent, whilst the one-year MCLR has been slashed through 20 foundation issues, additionally to 9.8 according to cent. These revised charges got here into impact on June 7, 2025.