Loan interest rates in August 2024: These 8 banks have revised loan interest rates in August
Here is a look at the list of banks that have revised their MCLR in August 2024.
SBI lending rates
The MCLR-based rates have been adjusted to fall within the range of 8.20% to 9.1%. The overnight MCLR has been increased to 8.20%, while the rates for the one-month and three-month tenures are now at 8.45% and 8.5%, respectively. The six-month MCLR has been set at 8.85%. The one-year MCLR has been revised to 8.95% from 8.55%. The two-year MCLR is at 9.05% and the three-year MCLR is at 9.1%.
SBI hikes interest rates on these loans by 10 bps; check latest State Bank of India lending rates, FD interest rates
Bank of Baroda lending rates
The bank has hiked lending rates by up to 5 basis points (bps) on certain tenures. The overnight rate is 8.15%. The one-month rate is 8.35%. The three-month rate is hiked to 8.50%. The six-month rate is increased to 8.75%. The one-year rate is 8.95% from 8.90%. The rates are effective from August 12, 2024.
HDFC Bank lending rates
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR), according to its official website on August 8, 2024. The bank has increased the lending rate by 5 bps on overnight tenure from 9.05% to 9.10% and for one month it has increased from 9.10% to 9.15%, an
