has increased the marginal cost of funds based lending rate (MCLR) an increase of 0.05 per cent across all tenors from September 1, making most consumer loans costlier.

The benchmark one-year tenure MCLR, which is used to price most consumer loans such as car, auto and personal, will be 7.70 per cent against the current 7.65 per cent.

said in a regulatory filing on Wednesday.

The three-year MCLR has increased by 0.05 per cent to 8 per cent.

In others, the rates of one month, three months and six months will be in the range of 7.10-7.40 per cent. The MCLR on the overnight period will be 7.05 per cent as against 7 per cent.

Earlier this month, the state-owned lender raised the repo-linked lending rate by 0.50 per cent to 7.90 per cent, effective after the repo rate hike from August 6. reserve Bank of India,