Bank of India lowers lending rate by 5 bps across

The state-owned lender also revised the Fixed Rate Spread (FRS) for retail loans, which now stands at 1.50%. Accordingly, the interest rate for fixed-rate retail loans, benchmarked to the 3-year MCLR, is set at 10.65%, effective July 1, 2025. Final lending rates may vary depending on the applicable Credit Risk Premium (CRP).

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