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mclr news

RBI cuts repo rate by 100 bps in 2025; home buyers may have to wait for benefit

Despite the RBI's clear direction, banks and lending institutions often delay or partially pass on the benefits of rate cuts to home loan borrowers. (Representational photo)

Published on Jun 10, 2025 03:36 pm IST

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

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 State Bank of India (SBI) office building is pictured in Kolkata, India.

Published on Jun 15, 2024 09:50 am IST

SBI cuts interest rates on fixed deposits . Check rate here

The SBI also slashed retail and bulk term deposit interest rates by 10 and 30 bps respectively for 1 year to less than 2-year tenor from October 10.

Updated on Oct 09, 2019 01:38 pm IST

SBI cuts lending rates by 10 bps, retail loans to get cheaper for existing borrowers

The State Bank of India cut lending rates by 10bps on Wednesday, October 9, 2019.

Updated on Oct 09, 2019 11:32 am IST

SBI cuts MCLR rates again. What it means for your home loan EMIs

SBI has slashed its one-year MCLR to 8.15% per annum.

Published on Sept 09, 2019 11:39 am IST

SBI lowers interest rates after RBI announces fourth rate cut in a row

The lender added that after its fourth cut in MCLR for the year, home loans had become cheaper by 35 bps since April 10.

Updated on Aug 07, 2019 02:33 pm IST

Banks cut MCLR: What it means for you?

You now also have the option to go for loans linked to repo rate or other external benchmark rates instead of MCLR for floating rate loans.

Updated on Jul 15, 2019 12:00 pm IST

State Bank of India cuts lending rate: Here’s how it affects you

Most SBI retail loans, including home loan, car loan and personal loans, are currently linked to one-year MCLR.

Updated on Apr 10, 2019 12:35 pm IST

Bank of India raises lending rate by 0.10% for various tenors

Bank of India said the enhanced rates would come into effect from June 10, 2018.

Published on Jun 08, 2018 03:19 pm IST

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