Thiruvananthapuram : SBI increased the rate of interest on loans. The interest has been raised by five base points. The upgraded rate of interest is in effect since last day.
The increased rate of interest is applicable for financial aid availed for any period of time. Loans with a repayment span of three years currently stands with a rate of interest of 8.75% from 8.70%. As per the revised interest rate Home loans and vehicle loans also bare a hike in the monthly repayment figures.
