The country’s largest lender said on Friday that it Marginal cost of funds based lending rates Up to 0.10 percent in different periods.
Benchmark one year tenure MCLR (marginal cost of funds based lending rates), used for most consumer loans The bank said that such as auto, home and personal will now be 7.50 percent, which was 7.40 percent earlier.
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It added that the period-wise MCLRs are effective from July 15, 2022.
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The MCLR has been increased in the range of 7.15-7.45 per cent with an increase of 0.10 per cent each for other term loans ranging from overnight to six months.
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The two-year and three-year MCLR prices will now be 7.70 per cent and 7.80 per cent, respectively.
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