The State Bank of India has increased the Marginal Cost of Lending Rate (MCLR) by ten base points. This is followed by RBI's new rule that replaces base rate with MCLR. As a result, now there is a ten base points increase in overnight, one month, three months, six months, one year, two years and three years MCLR. Refer to the table below for the new rates. What does … [Read more...] about SBI Increases MCLR | Expect An Increase In Home, Auto And Other Loan EMIs
Home Loans
What are the types of Loans that are available in India
Loans form a crucial part of any person’s life. I am sure everyone of us has availed at least one loan in our lives. Some of us, more than one. Availing a loan helps us get the required amount of money for a crucial expense or an emergency expense. We then pay the amount back with a certain amount of interest in instalments. Most people end up getting a few of … [Read more...] about What are the types of Loans that are available in India
3 Latest updates to SBI rules you MUST make yourself aware of!
A New Year always brings something new right? Well if you are a SBI customer there are quite a few "new" things that have been announced by the SBI . With the New Year celebrations you are most likely to have missed or have failed to notice these SBI rules. In this post let me briefly point out those announcements and what those changes will mean to you and your daily … [Read more...] about 3 Latest updates to SBI rules you MUST make yourself aware of!