Shock to crores of SBI customers! Bank has made loan costlier, will have to pay more EMI for home-auto loan
Delhi. The country's largest government bank i.e. State Bank of India (SBI) gave a big blow to its crores of customers. Is. Marginal cost based lending on its one year term loan Now taking a loan from the bank will become expensive. The new rates of the bank will be applicable from January 15, 2022. Explain that after increasing the repo rate, many banks have increased MCLR. According to the information given on the official website of SBI, the bank has given 10% interest rate on its 1-year MCLR. Basis points have increased. Increase in MCLR only carried out over a period of one year. 1 year MCLR increased to 8.40 percent. overnight MCLR 7.85%, another 3 months MCLR 8%, 6 months MCLR 8.30 Per cent, 2-year MCLR remains at 8.50 per cent and 3-year MCLR at 8.60 per cent.