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. Bank of Baroda, which was charging 8.7% on auto loans last month, is charging 8.8%
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