Latest News & Highlights
The State Bank of India (SBI) has raised its marginal cost of lending rate (MCLR) across tenors by 10-15 basis points. Due to this latest MCLR hike, borrowers’ EMI outgo will increase further. The new interest rates are effective from November 15, 2022. Here the MCLR rates of SBI.
the MCLR for one month and three months has been raised from 7.60% to 7.75%; the MCLR for six months and one year has been raised from 7.90% to 8.05%; the MCLR for three years has been raised from 8.15% to 8.25%; and the MCLR for three years has been raised from 8.25% to 8.35%.
State Bank of India has introduced two new Home Loan products SBI Privilege Home Loan for Government Employees and SBI Shaurya Home Loan for Defence Personnel.
SBI Hikes MCLR Again, Twice In A Month; How Will It Impact Home, Auto Loan EMIs?
