Monday, October 1, 2018
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%.