Utility News: You have also taken an SBI loan, your EMI will also increase

If your account is in SBI, then it is a very good thing and if you have taken a loan from here, then this news is going to be a little disappointing for you. Yes, the reason for this is that the bank has increased its interest rates on the loan. In such a situation, if you have taken a loan from here, then now the burden is going to increase on you.

State Bank of India has increased the MCLR by 0.10 percent for a period of one year. Due to this, interest rates have increased on many other loans including home loans. The new rates have come into effect from January 15. With effect from January 15, the one-year MCLR has increased to 8.4 percent. 

Apart from this, SBI launched the festive offer campaign on 4 October. This offer is till January 31, 2023. In this offer, the bank is offering a discount of 0.15 to 0.30 percent on several home loan categories. In such a situation, if you still have not been able to take advantage of this offer, then you must take advantage of it.