Punjab National Bank (PNB) has announced that it will keep its loan benchmark interest rates unchanged from June 1, 2026. The bank said that all Marginal Cost of Funds Based Lending Rates (MCLR) will remain at the existing levels. The overnight MCLR will continue at 7.95%, while the one-year MCLR, which is commonly used for pricing retail loans, will remain at 8.75%. The three-year MCLR will stay at 9.05%.
PNB also said that its Repo Linked Lending Rate (RLLR) will remain unchanged at 8.10%, including the Business Strategic Premium (BSP) of 0.10%. The bank’s Base Rate will continue at 9.50%. The decision means that there will be no change in loan interest rates linked to these benchmark rates for PNB customers from June 2026.
| MCLR Tenor | Existing Rate (01.05.2026) | Rate from 01.06.2026 |
|---|---|---|
| Overnight | 7.95% | 7.95% |
| One Month | 8.20% | 8.20% |
| Three Month | 8.40% | 8.40% |
| Six Month | 8.60% | 8.60% |
| One Year | 8.75% | 8.75% |
| Three Years | 9.05% | 9.05% |
Click here to check PNB Loan interest rates
