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Tag: SBI Home Loan Interest Rates

SBI Shocked All.. Decision To Increase Interest Rates..

SBI Shocked All.. Decision To Increase Interest Rates..

Banking, Home Loans, Latest News, National News, News, Regional News
SBI To Increase Interest Rates.. on All Loans | State Bank Of India State Bank of India, the country's largest public sector bank, has hiked interest rates. Due to this the EMI of the borrowers is going to increase further. SBI has increased the Marginal Cost of Lending Rates (MCLR) for loans by 0.15 percent. Loans like home loan, car loan, personal loan are linked to MCLR and the interest rates increase. SBI Home Loans: SBI has increased the one-year MCLR by 0.10 percent to 8.05 percent. It was earlier 7.95 percent. Home loan, car loan, personal loan rate is determined on the basis of one year MCLR. The new rates are effective from November 15, 2022 i.e. from today. Two-year and three-year MCLR also increased by 0.10 percent to 8.25 percent and 8.35 percent, respectively, accordi...