SBI Home Loan Customers Alert! State Bank Hikes MCLR Rates Effective From Today 15 July 2024 | Personal Finance News
Here is the Tenor-Wise SBI Latest MCLR Rates Effective From Today 15 July 2024
| Tenor | Existing MCLR (In %) | Revised MCLR (In %) |
|---|---|---|
| Over night | 8.10 | 8.10 |
| One Month | 8.30 | 8.35 |
| Three Month | 8.30 | 8.40 |
| Six Month | 8.65 | 8.75 |
| One Year | 8.75 | 8.85 |
| Two Years | 8.85 | 8.95 |
| Three Years | 8.95 | 9.00 |
Meanwhile, last week State Bank of India announced that the bank will offer online loan against mutual funds through Online Banking and YONO App.
“SBI, the country’s largest lender, is set to digitally empower customers and enhance convenience with the introduction of an online loan facility against mutual fund (MF) units through its Internet Banking (INB) and YONO App. This digital offering enables customers to avail loans from the comfort of their homes, offering a 100% paperless and digital process that is available 24×7,” SBI said in a release.
The new loan facility is extended at attractive interest rates to mutual fund schemes of all Asset Management Companies (AMCs) registered with CAMS, said SBI.
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