Private sector lender Karnataka Bank said it has revised upward marginal cost of fund-based lending rate (MCLR) by 0.15 per cent to 9.10 per cent for one-year tenor.
The revised MCLR are effective from January 1, 2019, the bank said in a regulatory filing.
Among others, six-month and three-month MCLRs are revised upward by 0.10 per cent each to 8.75 per cent and 8.70 per cent, respectively.
One-month and overnight MCLRs were also raised by 0.10 per cent each, the bank said.
Karnataka Bank is now offering loan of up to Rs 75 lakh at an interest rate of 8.80 per cent (linked to 6-month MCLR of the bank), it said further.
Another private sector lender Dhanlaxmi Bank said its one-year MCLR stands at 9.90 per cent, effective from January 1.