new delhi ahead of the monetary policy review stateowned bank of baroda bob tuesday increased its lending rates by up to 02 per cent a move that will make home auto and other loans expensive the bank has revised the marginal cost of fundsbased lending rate mclr with effect from thursday bob said in a statement the mclr for a threemonth tenor increased to 850 per cent from the existing 830 per cent and for sixmonth maturity it will go up to 870 per cent from the current 850 per cent interest rate on oneyear tenure will go up by 01 per cent to 875 per cent most of the retail loans are benchmarked against oneyear mclr the rbi is schedule to unveil its sixth bimonthly monetary policy on thursday