Explained: What the increase in MCLR means for you, your loan - The Indian Express

State Bank of India has raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years. As a result, borrowers who have taken home, vehicle, and personal loans will find their equated monthly instalments (EMIs) rising in the co…

State Bank of India (SBI), Indias largest commercial bank, on Monday raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signalling that the soft rates reg… [+5990 chars]

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