Your SBI loan EMIs are set to become more expensive. Here’s why

According to the State Bank of India website, the overnight to three-month rate has been increased from 7.35 per cent to 7.60 per cent. On the other hand, the six-month lending rate has gone up to 7.90 per cent, the one-year MCLR rate from 7.70 per cent to 7.95 per cent.