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SBI Hikes Lending Rates, Effective From April 15 | Banking News | Mirror Now
Posted
April 18, 2022
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April 18, 2022
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11:53Now PlayingThe State Bank of India (SBI), the country's largest public sector bank, announced that it has raised the marginal cost of lending rate (MCLR) on loans by ten basis points (bps). The tenor-wise MCLR interest rates are effective from 15th April 2022. As a result of this increase, it is expected that home, auto, and other loans will become more expensive.
#SBIlendingrates #SBIemirates #marginalcostoflendingrate
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