Marginal cost of funds based lending rate 10. has increased basis points During the period effective from Thursday. benchmark one year MCLRagainst which most consumer loans Like auto, personal and home prices have been increased to 7.50 per cent with effect from July 7, the bank said in a regulatory filing,
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The current one year MCLR is 7.40 per cent.
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In other MCLRs from overnight to six months, the new rates will be in the range of 6.75-7.45 per cent.
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repo linked lending rate The bank’s (RLLR) will be increased from 7.30 per cent to 7.80 per cent. This too will be effective from July 7.