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Home and auto loans interest hiked

Monday, October 1, 2018
Mumbai


Interest rates on home, auto and other loans have increased up with lending rates rising from Monday.

SBI increased its lending rate by 5 basis points across all loan tenures as a result of which retail loan rates will now rise to 8.5%. ICICI Bank hiked its rates by 10 basis points across all loan tenures to 8.65%. HDFC also increased home loan rate by 10bps . For loans up to Rs.30 lakh the new rates is 8.85%.



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