UCO Bank MCLR Rates
UCO Bank is one of the fastest growing commercial banks in India. This bank was founded in 1943 and is headquartered in Kolkata. The bank offers various products and services to its customers and has a strong presence across the country.
What is the MCLR?
The Marginal Cost of Funds based Lending Rate (MCLR) is basically the lowest lending rate offered by the bank, below which it is not allowed to lend. The MCLR was introduced by the Reserve Bank of India (RBI) on 1 April 2016 which replaced the base rate system.
This rate is important because it directly affects the interest rate paid by the borrowers on home loans, personal loans, business loans, etc. When the MCLR decreases, the interest rates on loans also decrease and vice versa. Read on to know more about the UCO Bank MCLR rate.
Current UCO Bank MCLR Rate
Tenure | UCO Bank MCLR Rate |
Overnight | 7.90% |
1 month | 8.15% |
3 months | 8.40% |
6 months | 8.65% |
1 year | 8.75% |
Note: The MCLR rates given above are as of 6 February 2026 and are subject to change at the discretion of the bank.
UCO Bank MCLR Historical Data
Revised Date | Overnight (%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) |
7.95 | 8.20 | 8.45 | 8.70 | ||
10 November 2025 | 7.95 | 8.20 | 8.45 | 8.70 | 8.85 |
10 June 2023 | 7.90 | 8.10 | 8.25 | 8.50 | 8.65 |
10 September 2021 | 6.70 | 6.85 | 6.85 | 7.20 | 7.30 |
10 May 2021 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 February 2021 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 January 2021 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 December 2020 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 November 2020 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 October 2020 | 6.70 | 6.85 | 6.95 | 7.20 | 7.30 |
10 September 2020 | 6.75 | 6.90 | 7.00 | 7.25 | 7.35 |
10 August 2020 | 6.80 | 6.95 | 7.05 | 7.30 | 7.40 |
10 July 2020 | 6.90 | 7.05 | 7.15 | 7.40 | 7.50 |
10 June 2020 | 7.00 | 7.15 | 7.25 | 7.50 | 7.60 |
10 May 2020 | 7.30 | 7.45 | 7.55 | 7.80 | 7.90 |
10 April 2020 | 7.35 | 7.50 | 7.60 | 7.85 | 7.95 |
10 March 2020 | 7.60 | 7.75 | 7.85 | 8.10 | 8.20 |
10 February 2020 | 7.70 | 7.85 | 7.95 | 8.20 | 8.30 |
10 January 2020 | 7.70 | 7.85 | 7.95 | 8.20 | 8.30 |
10 December 2019 | 7.70 | 7.85 | 7.95 | 8.20 | 8.30 |
10 October 2019 | 7.80 | 7.95 | 8.05 | 8.30 | 8.40 |
10 September 2019 | 7.85 | 8.00 | 8.10 | 8.35 | 8.45 |
10 August 2019 | 7.90 | 8.05 | 8.15 | 8.40 | 8.50 |
10 Jun 2019 | 8.05 | 8.20 | 8.30 | 8.55 | 8.65 |
10 April 2019 | 8.05 | 8.20 | 8.30 | 8.55 | 8.65 |
10 Mar 2019 | 8.15 | 8.25 | 8.35 | 8.60 | 8.70 |
10 Feb 2019 | 8.15 | 8.25 | 8.35 | 8.60 | 8.70 |
10 December 2018 | 8.15 | 8.25 | 8.35 | 8.60 | 8.70 |
10 November 2018 | 8.10 | 8.20 | 8.30 | 8.55 | 8.65 |
10 October 2018 | 8.10 | 8.20 | 8.30 | 8.55 | 8.65 |
10 September 2018 | 8.10 | 8.20 | 8.30 | 8.55 | 8.65 |
10 Aug 2018 | 8.00 | 8.10 | 8.25 | 8.45 | 8.55 |
10 July 2018 | 8.00 | 8.10 | 8.25 | 8.45 | 8.55 |
10 June 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 May 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 Apr 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 Mar 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 February 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 January 2018 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 December 2017 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 November 2017 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 October 2017 | 7.90 | 8.00 | 8.15 | 8.35 | 8.45 |
10 September 2017 | 8.00 | 8.10 | 8.15 | 8.35 | 8.45 |
10 August 2017 | 8.10 | 8.20 | 8.25 | 8.45 | 8.55 |
10 July 2017 | 8.10 | 8.20 | 8.25 | 8.45 | 8.55 |
10 June 2017 | 8.15 | 8.25 | 8.30 | 8.50 | 8.60 |
10 May 2017 | 8.15 | 8.25 | 8.30 | 8.50 | 8.60 |
10 Apr 2017 | 8.15 | 8.25 | 8.30 | 8.50 | 8.60 |
10 Mar 2017 | 8.15 | 8.25 | 8.30 | 8.50 | 8.60 |
10 February 2017 | 8.15 | 8.25 | 8.30 | 8.50 | 8.60 |
10 January 2017 | 8.25 | 8.35 | 8.40 | 8.50 | 8.60 |
10 December 2016 | 9.05 | 9.15 | 9.20 | 9.25 | 9.30 |
10 November 2016 | 9.10 | 9.20 | 9.25 | 9.30 | 9.35 |
5 October 2016 | 9.20 | 9.30 | 9.35 | 9.40 | 9.45 |
11 August 2016 | 9.20 | 9.30 | 9.35 | 9.40 | 9.45 |
1 April 2016 | 9.30 | 9.40 | 9.45 | 9.50 | 9.55 |
How to switch from base rate to MCLR in UCO bank?
If you are a UCO bank customer, then switching from base involves the following steps:
- You will have to request the UCO bank in writing to switch your home loan from the base rate scheme to the MCLR scheme.
- Once your loan is switched to the MCLR scheme, you may have to request the bank to reduce the quantum of your interest. You may be required to a one-time fee, but the rate of interest payable by you will reduce thereafter.
FAQs on UCO Bank MCLR
- Will my EMI increase if the MCLR increases?
Yes, if the MCLR increases, then your loan interest rate and EMIs may also rise after the next reset date.
- How does MCLR benefit me as a borrower?
MCLR ensures better transparency and faster transmission of RBI rate cuts to customers.
- Is it possible to switch my existing loan to MCLR-based rates?
Yes, you can request UCO Bank to shift your old loan to an MCLR-linked rate. However, you may be required to pay the applicable conversion fees.
- Does UCO Bank follow RBI’s repo-linked lending rate system?
UCO Bank offers both MCLR-linked and repo-linked loan options depending on the product.
- What is the 1-year MCLR in UCO Bank used for?
The 1-year MCLR is the benchmark for most retail loans products like home loans and personal loans.
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