Business »  Topic »  Good news for borrowers! Home loans, car loans to get cheaper as SBI, HDFC Bank reduce lending rates

Good news for borrowers! Home loans, car loans to get cheaper as SBI, HDFC Bank reduce lending rates


SBI is not the only leading bank which has slashed its lending rates recently. Some other banks – including HDFC Bank and ICICI Bank – have also made their home loans, car loans, and personal loans cheaper.

SBI has announced reduction in its MCLR by 10 bps across all tenors.

Soon after the Reserve Bank of India recently slashed its repo rate for the fifth time in a row, the nation’s largest bank – the State Bank of India – on Wednesday announced reduction in its MCLR by 10 bps across all tenors. With this, the bank’s one-year MCLR (Marginal Cost of ...


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