Latest SBI loan, FD rates: The marginal cost of funds-based lending rate (MCLR) for certain loan durations has been increased by the State Bank of India (SBI) by 10 basis points (bps) once again. This move will lead to increased expenses for most borrowers of consumer loans like auto or home loans. The elevated MCLR will be in effect from August 15, 2024. SBI's last MCLR raise was in June 2024.
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