SBI MCLR Hike: If you have also taken a loan from the country’s largest government bank, the State Bank of India ( SBI ) or are planning to take this news, then your work Has. Yes, from today onwards, the rate of interest on loans of SBI ( SBI ) has become expensive. The marginal cost of funds based lending rate ( MCLR) has increased by 25 bases of pint from SBI. This has shocked millions of bank customers. After this, all the types of loans from the bank have become expensive. Apart from this, those who have already taken home loan will also have to give more details. That is, both new and old customers will be affected after this decision.
2.25 Prat ishat increase in repo rate
Information about adding to MCLR is given on the website of the bank’s modern-day website. The decision to increase the rate of interest from the bank has come after the repo rate (Repo Rate ) has been increased from Pichle the RBI ( RBI ). Let me tell you, the decision of the central bank to increase the repo rate to 35 basis points in the MPC meeting held in December has been made. Its repo rate has risen to 6.25. RBI has increased the rate of 2.25 prat ist in the repo rate since May.
MCLR increased so much
According to the information provided on the website of SBI ( SBI ), the MCLR has been increased from 7.75% prat ishat to 8 prat diya as per the information given on the website. The MCLR of six months to one year has been increased from 8.05% to 8.30% tax. The two-year MCLR has increased from 8.25% to 8.50. At the same time, the three-year MCLR has been taxed at 8.35% to 8.60.
Let me tell you even before RBI had increased the rate of 40 basis points in May 2022 in repo rate. At that time the repo rate was suddenly increased from the bank. After this, the repo rate was increased to 50-50 basis points in June, August and September. In this way, it has increased by 2.25% till now.