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SBI cuts loan interest rate by 25 bps on this short-term tenure: Check details

The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October 15.

SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.
Published on Oct 15, 2024 02:08 PM IST

EMIs to go up as SBI hikes lending rate by 10 basis points across tenures

The change will be effective June 15 and will result in higher EMIs for borrowers with loans linked to MCLR.

The State Bank of India (SBI) office building is pictured in Kolkata, India.(Reuters)
Published on Jun 15, 2024 09:50 AM IST
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