Hyderabad: Andhra Bank increases BMPLR to 12.25%

Hyderabad, Feb 17: The public-sector Andhra Bank has revised its Benchmark Prime Lending Rate (BMPLR) from the existing 11.75 per cent to 12.25 per cent since yesterday.

However, the upward in BMPLR was not applicable to education loans, according to a bank release here today.

There would be no change in the rate of interest for existing housing loans. The increase in BMPLR was applicable to new housing loans of above Rs 15 lakh sanctioned after February 10, 2007.

UNI