Mclr

The new rate will come into effect from October 19.The rates for other tenures remain unchanged.

SBI increases lending rates by 10 BPs: Check details here

The lender increased Marginal Cost of Funds Based Lending Rate (MCLR), with effect from August 15, 2024.

Bank of Baroda, UCO, Canara Bank marginally hike MCLR: Check details

With the increase in the MCLR, the interest rates on loans are also likely to rise by a similar measure, and EMIs rise on linked loans.

SBI raises lending rates by 5-10 bps across most tenures

State Bank of India has hiked the benchmark Marginal Cost of Lending Rates by 5-10 basis points across tenures. It had last raised the rates in mid-June.

Banks Increasing Minimum Interest Rates For Loans: Time For Repo-Linked Home Loans To Save On EMIs?

Home loan repayment is something that most of us have to deal with. And with rising rates of MCLR, it becomes very crucial for a borrower to decide if switching to a repo-linked loan is optimum or not. Well, there are a few things that should be considered before making a decision. In this video, we have talked about all these subjects. Watch the video to find out.

Banks are increasing MCLR rates: Should you switch to repo-linked home loans and save on EMIs?

If your home loan is linked to MCLR, switching to a repo-linked home loan rate can reduce your interest costs. However, do the math first and calculate the savings instead of relying on vague estimates.

SBI hikes lending rate by 5 bps across tenures from today

The new rates will now range between 8 percent and 8.75 percent

Kotak Mahindra Bank hikes lending rates by 10 bps across tenures

The MCLR-based lending rate for loan across different tenures now range between 8.35 percent to 9.35 percent.

SBI loans to get costlier as bank hikes MCLR rates by 10 bps across tenure

Overnight MCLR increased to 7.95 percent from 7.85 percent, and one-month and three-month MCLR rose to 8.10 percent from 8.00 percent.

Kotak Mahindra Bank hikes rates on home, other loans by 10-30 bps

The rate hike will be effective from January 16 and follows back-to-back RBI rate hikes.

SBI hikes home loan interest rates by 10 bps

The rate hike will be effective from January 15 and follows back-to-back RBI rate hikes

HDFC, IOB hike lending rate by up to 25 basis points

The new rates of HDFC will be effective from January 7, while that of IOB from January 10.

Explained: Why there is better policy transmission in the MCLR regime vs base rate regime

Policy rate transmission is higher in the MCLR regime and it is beneficial for the end customers, say economists

MCLR more effective in policy transmission than base rate regime: RBI paper

The paper said that for every 1 percentage point increase by the RBI in its repo rate, the weighted average lending rate by banks for fresh rupee loans moves up by 0.26-0.47 per cent per cent under the MCLR regime as against 0.11-0.19 per cent under the base rate regime.

Indian Bank raises MCLR rates by 0.15% across tenors

The benchmark one-year tenor MCLR -- against which most of the consumer loans are based upon -- will be 7.55 per cent as against 7.40 per cent presently, Indian Bank said in a regulatory filing.

Home loan demand likely to moderate as borrowers brace for higher EMIs, say experts

Home-loan borrowers are bracing for higher interest rates as inflationary pressure prompts the Reserve Bank of India to tighten monetary policy. On June 9, HDFC increased its retail prime lending rate by 50 basis points. It was the fourth time in a month that HDFC hiked its home loan rate

Yes Bank hikes MCLR by 10-15 basis points across tenors after swinging to profit

The hike comes on the heels of other major public and private banks raising MCLR over the past few weeks

HDFC hikes retail prime lending rate: Five key questions answered

HDFC’s floating-rate home loans for customers with a credit score of over 750 will carry an interest rate of 6.75 percent, up from 6.70 percent earlier

What happens to loan rates when banks hike MCLR? 5 key questions answered

As banks have started hiking their marginal cost of fund-based lending rates, borrowers may have to shell out more to service their loan obligations, say analysts

State Bank of India hikes key reference lending rate by 10 bps across tenors

Axis Bank has also upped marginal cost of funds-based lending rate (MCLR) by 5 bps. This is the internal reference rate based on which rates are set for various types of loans

Bank of Baroda hikes MCLR across tenors by 0.05%

The benchmark one-year tenor MLCR will rise to 7.35 percent.

DCB Bank cuts benchmark one-year MCLR by 0.18%

The benchmark one-year MCLR has been cut to 9.67 percent, the bank said in a release. It was 9.85 percent earlier.

CSB Bank cuts MCLRs by 10 bps for tenures up to 6 months

The revised rates will be in the range of 7.70-8.50 percent, it said.

ICICI Bank, Bank of India slash MCLR by 5 bps across tenors

Bank of India has reduced rates for an overnight tenor to 6.70 percent.