HDFC Bank has announced a hike in its Marginal Cost of Funds-Based Lending Rates (MCLR) by up to 10 basis points (bps) across select tenures. Here's how it impacts you
Business Feb 8, 2024, 11:40 AM IST
SBI has raised its base rate from 10.10 percent to 10.25 percent, impacting various loan products tied to this benchmark. The base rate serves as a reference for lending rates across the banking sector, influencing the cost of borrowing for consumers.
Business Dec 15, 2023, 3:21 PM IST
Nov 22, 2017, 1:19 PM IST
Nov 8, 2017, 3:03 PM IST
Imagine this scenario, your friend tells you that he got a home loan from his preferred bank at a 8.5 per cent interest, and your jaw drops. You have been paying 10 per cent when you took a loan two years ago and you know the rates have dropped as well. So why is you bank charging you so much?
Mar 22, 2017, 2:52 PM IST