Banks quietly raise interest rates on car, personal loans – ET Auto
Baua Electric
JANUARY 6, 2024
Interest rates on some retail loans, excluding home loans, have started inching up, with several banks revising their marginal cost of lending rate ( MCLR ). Several other banks have increased their personal loan rates as well. The public sector lender now has car loans starting at 9.15% as against 8.75% earlier.
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