Latest SBI loan interest rates October 2023: Check details
The bank revised its Benchmark Prime Lending Rate to 14.95% from 14.85%, effective from September 15, 2023. SBI auto loans, personal loans are linked to MCLR, while SBI latest availed home loans are linked to EBLR.
Also read:Bank loan rates in October 2023: ICICI Bank, HDFC Bank, BoB, PNB, Canara Bank, Yes Bank
SBI auto loans are linked to one year MCLR and personal loans are linked to 2 year MCLR, according to the website.
Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful
According to the SBI website, no processing fee on gold loan, car loan and personal loan for this festive season.
Latest SBI MCLR
The MCLR-based rates will now range between 8% and 8.75%. The overnight MCLR rate stands at 8%, while that of one month and three-month tenure is 8.15%. Among others, the six-month MCLR stands at 8.45%. The one year MCLR which is linked to many consumer loans is now at 8.55%. For tenure of two years and three years MCLR is 8.65% and 8.75%, respectively.
SBI festive season home loan offer
State Bank of India (SBI) is running a special campaign on home loans offering concession up to 65 basis points (bps).The concession is applicable on regular home loan, flexipay, Nri, non-salaried, privilege, Apon Ghar. The last date for concession on home loans is till December 31, 2023.
SBI EBLR/RLLR
SBI external benchmark lending rates (EBLR) remain unchanged at 9.15%+CRP+BSP and RLLR at 8.75%+CRP with effect from February 15, 2023.
Base Rate
SBI base rate is at 10.10% effective from June 15, 2023.
SBI BPLR
