Your rate stack
What this bank charges, and what it pays back.
01 · RBI
Repo rate
5.25%
Where the bank funds itself overnight
02 · Union Bank of India
EBLR
8.00%
+275 bps over repo
1Y MCLR
8.70%
+345 bps over repo
Most retail home loans sit on EBLR; older / corporate loans on MCLR
03 · Union Bank of India
1Y FD (your deposit return)
6.25%
Gap to EBLR +175 bps · to MCLR +245 bps
See full FD slabsUnion Bank of India's lending-deposit spread sits at +175 bps on EBLR-linked loans and +245 bps on 1-year MCLR. If you hold both an FD and an OD here, that's the spread you're carrying both ways.
MCLR term structure
Rate by reset tenor.
7 tenors
Overnight
7.80
%
1-month
8.00
%
3-month
8.25
%
6-month
8.55
%
1-year
8.70
%
2-year
8.85
%
3-year
9.00
%
MCLR loans reset at the chosen tenor. A 1-year MCLR loan recalculates once a year; an overnight MCLR loan recalculates every business day. Most retail loans pick the 1-year MCLR.
Vs the sovereign curve
Union Bank of India MCLR against same-tenor G-Sec yields.
Compare the cost of a term loan from Union Bank of India against what a comparable corporate bond would price at: G-Sec yield plus a credit spread of roughly 75–150 bps for AAA names.
- 3-month+298 bpsMCLR8.25%G-Sec5.27%
- 6-month+311 bpsMCLR8.55%G-Sec5.44%
- 1-year+284 bpsMCLR8.70%G-Sec5.86%
- 2-year+262 bpsMCLR8.85%G-Sec6.23%
- 3-year+261 bpsMCLR9.00%G-Sec6.39%
Union Bank of India MCLR · G-Sec from RBI curve · as of 11 May 2026
Closest peers by EBLR
