sbi home loans

Loans to pinch as State Bank hikes lending rate by 10 basis points across tenures. Details inside

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Loans to pinch as State Bank hikes lending rate by 10 basis points across tenures. Details inside

State Bank of India (SBI), the country’s largest state-run lender, increased its interest rates on loans by 10 basis points across all tenors, effective from August 15, 2024.  This will be the third consecutive month of rate hikes by the bank. The Marginal Cost of Funds Based Lending Rate (MCLR) for various tenors has been … Read more

EMIs to pinch as State Bank hikes lending rate by 10 basis points across tenures

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EMIs to pinch as State Bank hikes lending rate by 10 basis points across tenures

The State Bank of India (SBI) has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures, effective June 15. This adjustment will result in higher EMIs for borrowers with loans linked to MCLR. The hike sees the one-year MCLR rise to 8.75% from 8.65%, the overnight MCLR … Read more