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Articles for Mclr, search results for kotak

Axis Bank hikes MCLR rates by 25 bps across tenors
2 years, 2 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 …

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HDFC Bank Loan Borrowers: MCLR Hiked; How Much Home Loan, Car Loan EMIs Will Increase?
2 years, 7 months ago

HDFC Bank Loan Borrowers: MCLR Hiked; How Much Home Loan, Car Loan EMIs Will Increase?

News 18  

HDFC Babk MCLR Rate Hike: India’s largest private sector lender HDFC Bank has hiked its MCLR across all tenors, the bank has said in a notification. This means that loan interests will increase by 0.10 per cent with the HDFC Bank MCLR rate hike. The HDFC Bank MCLR rate hike will mean that loan interests for new and existing borrowers …

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Yes Bank hikes MCLR across tenors. Loan EMIs to go up
2 years, 7 months ago

Yes Bank hikes MCLR across tenors. Loan EMIs to go up

Live Mint  

Yes Bank has hiked the marginal cost of lending rate by 10-15 basis points across all loan tenors. Similarly, MCLR for the tenor of one year stands at 8.60 per cent, as per the Yes Bank's website. Tenor-wise MCLR effective from 2 May 2022: Overnight 6.85 One month 7.30 Three months 7.45 Six months 8.25 One year 8.60 Last month, …

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Banks hike MCLR: Here’s how your EMIs will be impacted
2 years, 8 months ago

Banks hike MCLR: Here’s how your EMIs will be impacted

Live Mint  

Although RBI has kept its policy repo rate unchanged at 4%, borrowers might have gotten too comfortable with their term loan interest rates. Government-owned SBI which is also one of the largest lenders in the country, hiked its MCLR by 10 basis points for the first time in three years since 2019, while lenders like Bank of Baroda, Axis Bank, …

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SBI, Bank of Baroda, Axis Bank Hike MCLR Rates: Calculate How it Will Impact Home Loan, Car Loan
2 years, 8 months ago

SBI, Bank of Baroda, Axis Bank Hike MCLR Rates: Calculate How it Will Impact Home Loan, Car Loan

News 18  

MCLR Rate Hike: Over the past one week, several banks including State Bank of India, Bank of Baroda, Axis Bank, Kotak Mahindra Bank and IndusInd Bank have hiked their marginal cost of funds-based lending rate on loans. MCLR or marginal cost of lending rate is a benchmark interest rate, which is the minimum rate of interest banks are allowed to …

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Banks hike MCLR rates: SBI vs Axis Bank vs Bank of Baroda
2 years, 8 months ago

Banks hike MCLR rates: SBI vs Axis Bank vs Bank of Baroda

Live Mint  

EMIs for home, car and personal loans are set to go up as major lenders like the State Bank of India, Axis Bank, Bank of Baroda and Kotak Mahindra Bank have hiked their benchmark lending rates. State Bank of India has increased its marginal cost of funding based lending rate by 10 basis points across tenors, as per data available …

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