Check SBI's latest lending rates for March 2025: MCLR and base rate
2 weeks, 4 days ago

Check SBI's latest lending rates for March 2025: MCLR and base rate

India Today  

The State Bank of India has announced its latest marginal cost of funds-based lending rates on loans. The updated MCLR rates will directly influence interest rates on various financial products, including home loans, personal loans, and other credit facilities offered by the bank. A LOOK INTO SBI’S REVISED MCLR RATES SBI has kept its MCLR rates unchanged for all loan tenures in March 2025. Additionally, SBI’s base rate is set at 10.40%, effective from March 15, 2025, while the revised External Benchmark Lending Rate stands at 8.90% + CRP, effective from February 15, 2025. This means that any changes in the RBI's repo rate will directly impact the interest rates on SBI’s floating-rate home loans.

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History of this topic

SBI personal loan interest rates 2025—Check the latest rates here
1 week, 4 days ago

SBI personal loan interest rates 2025—Check the latest rates here

Live Mint  

State Bank of India provides personal loans to salaried as well as self employed professionals who are looking for quick cash to cover their expenses. If you are considering applying for an SBI personal loan, the interest rates offered by the bank play an important role in determining the EMI of your loan. Factors affecting SBI personal loan interest rates …

SBI cuts home loan rate: Here's how much you will save on EMIs of Rs 50 lakh loan
1 month, 2 weeks ago

SBI cuts home loan rate: Here's how much you will save on EMIs of Rs 50 lakh loan

India TV News  

SBI cuts home loan rate: Here's how much you will save on EMIs of Rs 50 lakh loan SBI Revised Home Loan Interest Rates EMI Calculations: The PSU bank has announced a reduction in its External Benchmark-based Lending Rate and Repo Linked Lending Rate applicable to various loans. SBI cuts home loan rate: Following the decision of the Reserve Bank …

Home, Car Loans Get Cheaper as Banks Cut Lending Rates
1 month, 2 weeks ago

Home, Car Loans Get Cheaper as Banks Cut Lending Rates

Deccan Chronicle  

Mumbai: The Equated monthly instalments on your home, car, education and personal loan is set to reduce as several banks have announced their decision to cut lending rates for retail borrowers after the Reserve Bank of India cut the repo rate after a gap of nearly five years. Repo rate, the rate at which the central bank lends short term …

RBI’s first rate cut in five years is small but can be effective
1 month, 3 weeks ago

RBI’s first rate cut in five years is small but can be effective

Live Mint  

Last week’s monetary policy meeting has several firsts to its credit: It was the first of 2025, the first under a new governor of the Reserve Bank of India, the first since Donald Trump became US president, and the first in five years to cut the repo rate. The result is that the RBI’s operational target—the call money rate, or …

HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
2 months, 3 weeks ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

HDFC Bank introduces revised lending and FD rates. Check details
2 months, 3 weeks ago

HDFC Bank introduces revised lending and FD rates. Check details

India Today  

HDFC Bank, one of India’s largest private banks, has reduced its Marginal Cost of Funds-Based Lending Rate by up to 5 basis points across select tenures. UNDERSTANDING MCLR AND ITS IMPACT MCLR, introduced by the Reserve Bank of India in 2016, replaced the base rate system to make lending rates more dynamic. Borrowers under older regimes like the base rate …

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know
3 months, 3 weeks ago

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know

India Today  

HDFC Bank has increased its marginal cost of funds-based lending rate on short-term tenures by up to 5 basis points, effective December 7, 2024. Introduced by the Reserve Bank of India in 2016 to replace the base rate system, MCLR reflects the actual cost of funds for banks. A lower MCLR means lower interest rates and EMIs, while a higher …

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details
4 months, 2 weeks ago

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

Live Mint  

State Bank of India has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. New lending rates with effect from Nov 15 Tenures Existing rate New rate Over night 8.20 8.20 One month 8.20 8.20 Three month 8.50 8.55 Six month 8.85 8.90 One year 8.95 9.00 Two years 9.05 9.05 Three years 9.10 9.10 …

HDFC Bank raises MCLR lending rates for THESE tenures; check here
4 months, 3 weeks ago

HDFC Bank raises MCLR lending rates for THESE tenures; check here

Live Mint  

HDFC Bank on Thursday raised its marginal cost of lending based rates by 5 basis points across three tenors. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which is 5 basis points higher than the earlier rate. The lending rates for other tenures i.e., 3 months, …

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase
7 months, 2 weeks ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle  

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here
7 months, 2 weeks ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18  

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
7 months, 2 weeks ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate
7 months, 3 weeks ago

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate

ABP News  

RBI August 2024 MPC: The Reserve Bank of India has maintained the repo rate at 6.5 per cent, marking the ninth consecutive time it has kept the rate unchanged, according to the Monetary Policy Committee review on August 8. With the repo rate unchanged, borrowers with EBLR loans, including home loans, personal loans, and business loans, will experience stability in …

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details
8 months, 2 weeks ago

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

India TV News  

SBI loan: Taking a loan from the State Bank of India, the country's largest public sector bank, has become more costly today. It's important to note that EMIs for personal and auto loans linked to the MCLR will rise, while home loans tied to the repo rate will remain unchanged. SBI's new interest rates SBI has increased the one-month MCLR …

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase
9 months, 2 weeks ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News  

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here
1 year, 1 month ago

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here

Live Mint  

HDFC Bank has revised its marginal cost of funds-based lending rates, also known as MCLR. The overnight MCLR rate has been raised by 10 basis points to 8.9 percent, one-month MCLR after rising by 10 basis points is now 8.95 percent, 3-month MCLR is 9.10 percent and six-month MCLR is 9.30 percent. The one-year MCLR, which is the rate linked …

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here
1 year, 5 months ago

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here

Live Mint  

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates by up to 10 basis points on select tenures. HDFC Bank loan interest rates After the latest hike, HDFC Bank's overnight MCLR is now 8.60%. HDFC Bank's Marginal Cost Of Funds-Based Lending Rates effective 7 October 2023 Overnight 8.60% 1 Month 8.65% 3 Month 8.85% …

HDFC, ICICI, Canara among five banks that have hiked lending rates this month
1 year, 7 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint  

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR
1 year, 9 months ago

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR

Live Mint  

Two private sector lenders IndusInd Bank and RBL Bank have made key changes in their marginal cost of funds-based lending rates for select tenures. While IndusInd has increased its MCLR rate by 5 basis points to 10 basis points, on the contrary, RBL Bank has trimmed this benchmark lending rate by 10 basis points. IndusInd Bank: IndusInd increased MCLR by …

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here
1 year, 11 months ago

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

Live Mint  

HDFC Bank, one of India's leading banks, has recently announced a reduction in its Marginal Cost Based Lending Rate for specific tenures by up to 85 basis points. The overnight MCLR has been reduced by 85 basis points, now standing at 7.80 per cent compared to the previous rate of 8.65 per cent. Additionally, the one-month MCLR has been lowered …

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April
1 year, 11 months ago

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April

Live Mint  

One of the leading public sector lenders, Bank of Baroda has hiked its benchmark lending rates by 5 basis points on various tenures. With effect from April 12, the bank will raise the Marginal Cost of Funds Based Lending Rate by 5 bps on overnight tenure to 7.95%. As per the regulatory filing, in Q4FY23, the bank's total deposits stood …

SBI loans get costlier, deposits to fetch more
2 years, 1 month ago

SBI loans get costlier, deposits to fetch more

Deccan Chronicle  

Mumbai: Close on the heels of the Reserve Bank of India raising its benchmark repo rate, a host of banks have raised lending rates and deposit rates. SBI has also hiked its deposit rates and introduced a special term deposit of 400 days offering 7.10 per cent. SBI’s benchmark one-year MCLR, which was used as base for fixing most of …

SBI vs BoB vs PNB vs BOI customers: How much will your home loan EMIs increase
2 years, 1 month ago

SBI vs BoB vs PNB vs BOI customers: How much will your home loan EMIs increase

Live Mint  

Home loan EMI: With the hike in repo rate, the sixth time by the Reserve Bank of India, all existing home loans on floating rates of interest are likely to become expensive, as banks like State Bank of India, Punjab National Bank, and Bank of Baroda, among others, have decided to pass on the hike to customers. State Bank of …

SBI’s home loan interest rates change from today, benchmark lending rates up
2 years, 1 month ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint  

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB
2 years, 1 month ago

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

ABP News  

India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise
2 years, 1 month ago

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise

Live Mint  

The country's largest lender, State Bank of India has hiked the marginal cost of funds-based lending rate by 10 basis points across tenures, making most consumer loans such as auto or home loans costlier for borrowers. The overnight MCLR rate has been revised upward by 10 bps to 7.95 per cent from 7.85 per cent, while that of one month …

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike
2 years, 1 month ago

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Live Mint  

Public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank of India earlier this week. Punjab National Bank announced that it has effected a 25 basis point increase in the repo linked lending rate from 8.75 per cent to 9 per …

HDFC Bank Raises MCLR Rate; Loans, EMIs Get Costlier; Check Details
2 years, 3 months ago

HDFC Bank Raises MCLR Rate; Loans, EMIs Get Costlier; Check Details

News 18  

HDFC Bank, India’s largest private sector lender, has raised its marginal cost of funds-based lending rate, effective from December 7, 2022, thus making home, vehicle and personal loans expensive. The bank’s one-month MCLR has been raised by 5 basis points from 8.25 per cent to 8.30 per cent, while its three-month and six-month MCLRs not stand at 8.35 per cent …

Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike
2 years, 4 months ago

Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike

The Hindu  

All major banks have increased their external benchmark-based lending rates by 190 basis points in tandem with the hike in the Reserve Bank's policy repo rate since May this year, though they have been slow in raising the deposit rates. The RBI's Monetary Policy Committee, which makes recommendations to the central bank regarding interest rates, is set to meet again …

Indian Bank to hike lending rate by 15-35 bps across tenures
2 years, 4 months ago

Indian Bank to hike lending rate by 15-35 bps across tenures

Live Mint  

The public-sector bank Indian Bank announced the hike of the marginal cost of funds-based lending rate by 15-35 basis points across tenors, the bank said on Tuesday. The benchmark one-year tenor MCLR, which is linked to the majority of consumer loans such as car, auto, and personal, will increase from 7.85 per cent to 8.10 per cent. The overnight MCLR …

PNB, BOI hike lending rates; EMIs to go up
2 years, 5 months ago

PNB, BOI hike lending rates; EMIs to go up

Live Mint  

State-owned Punjab National Bank and Bank of India on Monday announced raised the marginal cost of funds-based lending rates. Punjab National Bank hiked MCLR across tenors by 30 basis points. The MCLR with effect from November 1, 2022 shall be revised with the benchmark one-year tenor rate at 8.05 per cent as against the 7.75 per cent existing rate, PNB …

Axis Bank hikes MCLR rates by 25 bps across tenors
2 years, 5 months ago

Axis Bank hikes MCLR rates by 25 bps across tenors

Live Mint  

Private lender Axis Bank on Tuesday said it has increased the marginal cost of funds based lending rates by 25 basis points across tenors with immediate effect. Axis Bank in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022. The hike in …

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up
2 years, 5 months ago

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up

Live Mint  

State-owned Bank of Baroda on Monday raised the marginal cost of funds-based lending rates by 10-15 basis points across tenures. The overnight to six months tenor MCLRs are raised and are in the range of 7.10 to 7.80 per cent for Bank of Maharashtra. State-owned Bank of Maharashtra on Monday raised the marginal cost of funds-based lending rates by 0.20 …

SBI raises benchmark lending rate by 0.7%
2 years, 6 months ago

SBI raises benchmark lending rate by 0.7%

The Hindu  

The country's largest lender, State Bank of India, raised the Benchmark Prime Lending Rate by 70 basis points to 13.45% on Wednesday. "Benchmark Prime Lending Rate revised as 13.45% per annum with effect from September 15, 2022," the SBI posted on its website. Now most of the banks provide loans on the External Benchmark Based Lending Rate or the Repo-Linked …

HDFC Bank hikes lending rates across tenures. Home loan to be costlier
2 years, 7 months ago

HDFC Bank hikes lending rates across tenures. Home loan to be costlier

Live Mint  

HDFC Bank has hiked its Marginal Cost of Funds Based Lending Rate across all tenors for borrowers by 5-10 basis points with effect from today, 8 August 2022. A hike in the MCLR rate implies an increase in loan interests for new and existing borrowers, including equated monthly instalments for home loans, vehicle loans and any other loan related to …

ICICI Bank, PNB, Bank of Baroda, Canara Bank Raise Loan Rates
2 years, 7 months ago

ICICI Bank, PNB, Bank of Baroda, Canara Bank Raise Loan Rates

News 18  

After the RBI’s Monetary Policy Committee in its latest policy review hiked the repo rate by 50 basis points to control inflation, ICICI Bank, PNB, Bank of Baroda, Canara Bank have raised their lending rates. Bank of Baroda said retail loans will now have an interest rate of 7.95 per cent, reflecting a spread of 2.55 per cent over the …

Canara Bank hikes lending rate by 50 basis points. Loan EMIs to go up
2 years, 7 months ago

Canara Bank hikes lending rate by 50 basis points. Loan EMIs to go up

Live Mint  

Canara Bank has hiked its repo rate linked lending rate by 50 basis points to 8.30 per cent. ICICI Bank External Benchmark Lending Rate is referenced to RBI policy repo rate with a mark-up over repo rate, ICICI Bank said in a notification. State-owned Punjab National Bank also raised the repo, the external benchmark, linked lending rate to 7.90 per …

These banks hike home loan interest rates: Here’s how much your EMI will go up
2 years, 7 months ago

These banks hike home loan interest rates: Here’s how much your EMI will go up

Live Mint  

In an effort to curb inflation and promote economic growth, the Reserve Bank of India increased the benchmark repo rate by 50 basis points on Friday to 5.4%. As a result of the repo rate hike, several banks, including ICICI Bank, Bank of Baroda and Canara Bank, have already begun raising interest rates on their loans. With the repo rate …

3 major banks hikes MCLR ahead of RBI bi-monthly monetary policy meet
2 years, 7 months ago

3 major banks hikes MCLR ahead of RBI bi-monthly monetary policy meet

Live Mint  

Later this week, the Reserve Bank of India is scheduled to release its bi-monthly monetary policy announcement. The MCLR rates have increased by 15 bps across all tenors, according to the official ICICI Bank website, while the BOI has increased the MCLR by 10 bps across all tenors. ICICI Bank MCLR According to the ICICI Bank's official website, the overnight …

SBI Hikes MCLR Rates By 10 Basis Points; Loans, EMIs To Get Costlier
2 years, 8 months ago

SBI Hikes MCLR Rates By 10 Basis Points; Loans, EMIs To Get Costlier

News 18  

India’s largest lender State Bank of India has raised its marginal cost of lending rate on loans by 10 basis points, effective Friday. SBI’s one-year benchmark marginal cost of lending rate has increased from 7.40 per cent to 7.50 per cent, while its rates for overnight, one month and three months have been increased from 7.05 per cent to 7.15 …

MCLR: What is it and why is preferred over the base interest rate for loan EMIs?
2 years, 8 months ago

MCLR: What is it and why is preferred over the base interest rate for loan EMIs?

Live Mint  

The Reserve Bank of India establishes the MCLR, or marginal cost of funds-based lending rate, as an internal reference rate for banks. The MCLR allows RBI interest rate modifications to be notified to borrowers relatively fast, with monthly updates to the MCLR. This is because banks frequently argued that they were unable to pass along the lower interest rates to …

SBI hikes home loan interest rate; EMIs set to go up
2 years, 9 months ago

SBI hikes home loan interest rate; EMIs set to go up

India TV News  

SBI Home Loan Interest Rate: State Bank of India, the country's largest lender, has hiked the lending rates following the Reserve Bank of India's repo rate hike last week. The central bank had hiked the repo rate by 0.50 per cent to 4.90 per cent. The public sector bank has revised by up to 0.20 per cent the marginal cost …

SBI hikes lending rates by 20 bps from 15 June, EMIs to go up
2 years, 9 months ago

SBI hikes lending rates by 20 bps from 15 June, EMIs to go up

Live Mint  

Joining the bandwagon of the Marginal Cost Of Funds Based Lending Rate rate hike, the State Bank of India raised the lending rates by 20 basis points on various tenures. Currently, on a CIBIL score greater than or equal to 800, SBI offers a 7.05% rate on regular home loans, the rate is 7.15% on credit scores from 750-799. Auto …

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details
2 years, 9 months ago

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details

News 18  

As the RBI’s Monetary Policy Committee last week raised key repo rates, banks have started raising their interest rate offerings for loans and deposits. ICICI Bank last week also increased its external benchmark lending rate by 50 bps to 8.60 per cent. Punjab National Bank’s repo-linked lending rate has also been hiked and will now be 7.40 per cent, effective …

SBI Home Loan Interest Rates to Increase from June: New Home Loan Rates Explained Here
2 years, 10 months ago

SBI Home Loan Interest Rates to Increase from June: New Home Loan Rates Explained Here

News 18  

SBI Home Loan EMIs to Increase: Home loan borrowers of India’s largest public sector bank State Bank of India, or SBI, are set to feel a pinch in their pockets as the lender has announced new rates under which their home loan EMIs will be hiked from tomorrow. This is because the SBI has increased its external benchmark lending rate …

SBI Home Loan EMIs to Increase from Next Month as Bank Hikes Interest Rates. Know Details
2 years, 10 months ago

SBI Home Loan EMIs to Increase from Next Month as Bank Hikes Interest Rates. Know Details

News 18  

SBI EBLR Hike: India’s largest public sector bank State Bank of India, or SBI, has announced that it has increased its external benchmark lending rate on home loans by 40 basis points to 7.05 per cent and the Repo-Linked Lending Rate would in turn be revised to 6.65 per cent plus CRP. New SBI Rate Hikes, According to the Lender’s …

SBI increases MCLR | How hiking this lending rate impacts your home, auto loan EMIs
2 years, 10 months ago

SBI increases MCLR | How hiking this lending rate impacts your home, auto loan EMIs

India Today  

The State Bank of India has hiked the marginal cost of lending rate by 10 basis points. SBI HOME LOAN, AUTO LOANS MCLR, which was introduced by the Reserve Bank of India in 2016, is the minimum rate of interest at which a bank can lend loans to its customers. The increase in repo rate - the rate at which …

SBI Lending Rate Hike: Here’s How MCLR Hike Will Impact Home, Auto Loan EMIs
2 years, 10 months ago

SBI Lending Rate Hike: Here’s How MCLR Hike Will Impact Home, Auto Loan EMIs

ABP News  

New Delhi: After the country's largest lender State Bank of India last month raised its marginal cost of funds based lending rate, the bank has once again raised MCLR by 10 basis points across all tenures on Sunday. According to the Reserve Bank of India data, as of December 2021, 45.1 per cent of personal loans are linked with MCLR …

SBI hikes lending rate by 0.1%, EMIs to go up
2 years, 10 months ago

SBI hikes lending rate by 0.1%, EMIs to go up

The Hindu  

The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1% across all tenures, a move that will lead to an increase in EMIs for borrowers. The lending rate revision by SBI is likely to be followed by other banks in the days to come. SBI's External …

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