ICICI Bank and Bank of India have revised their marginal cost-based lending rates (MCLR) on loans of various maturities. According to the banks websites, the increased interest rates will come into effect from November 1, 2023.
The equated monthly installments are set to rise further as ICICI Bank and Bank of India have revised their marginal cost-based lending rate (MCLR) on loans across tenures. Punjab National Bank, on the other hand, has kept its basic lending rates at the same level. Watch Business Today s Visual Story to note the revised lending rates.
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