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SBI MCLR Rate News

15 Nov 2022

SBI hikes MCLR rate by 15 bps; Check how it will impact on consumer-loans

SBI hikes Marginal cost of funds-based lending rate (MCLR) by 15 bps. The benchmark one-year MCLR is used as a base for fixing most of home, auto, personal loans, etc. One-month and three-month MCLRs have been increased by 15 basis points each to 7.75 per cent.

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