SBI increased interest rates by 0.1% for all tenures, this will have an impact on consumer loans
SBI MCLR: According to the information available on the SBI website, the standard MCLR for a period of one year has now been fixed at 8.95 percent, whereas earlier this rate was 8.85 percent. MCLR is used in the evaluation of most consumer loans like motor vehicle and personal.
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