SBI Loans to be Costlier as Bank Hikes Key Lending Rate
State Bank of India (SBI) has announced a 10 basis point (bps) hike in the marginal cost of fund-based lending rate (MCLR) across the tenor....
Tag : MCLR
Kotak Mahindra Bank Raises MCLR by 10 Bps
On Wednesday, Kotak Mahindra Bank raised its marginal cost of fund-based lending rate (MCLR) by ten basis points. So, the lender’s one-year MCLR is 8.55%,...
Indian Overseas Bank and Bank of Baroda Raise Lending Rates
Indian Overseas Bank increased the marginal cost of the funds-based lending rate (MCLR) by ten basis points. “A similar amount revised the two-year and three-year...
HDFC Bank Hikes MCLR Rates by 10Bps to 8.2%
On Wednesday, HDFC Bank raised the marginal cost of the funds-based lending rate (MCLR) by ten basis points to 8.2%. This is the bank’s fifth...
Loans to Get More Expensive as Banks Raise Lending Rates After RBI Hike
Equivalent monthly instalments (EMIs) and borrowing costs will become more expensive as major Indian banks raise lending rates or after the RBI hikes its key...
SBI Hikes Lending Rates Effective From Today, Loan EMIs Rise Up
Today, India’s largest bank State Bank of India (SBI), has announced an increase in its marginal cost of lending rate (MCLR) on basis points or...
Bank Of Baroda Cuts Its Lending Rate By 10 Basis Points
Bank of Baroda has reduced its lending rate by 0.1 percentage points, the bank made this move to make the home, auto and other loans...
Corporation Bank lowers overnight MCLR by 0.1%
Corporation Bank has lowered its marginal cost of funds based lending rate (MCLR) by 0.1% point, for overnight loan maturities. MCLR is calculated on the...
Axis Bank reduces MCLR for short term loans by up to 0.10 percent
Axis Bank has lowered its Marginal cost of funds based lending rates (MCLR) for short term tenors in the range of 0.05-0.10 percent. The bank...
Bank of Maharashtra, Corporation Bank reduces MCLR by up to 0.35%
The Bank of Maharashtra and Corporation Bank have reduced their MCLR rates in the range of 0.05 to 0.35 percent. It has said in a...