Syndicate Bank vs OBC lending rate hiked; will you benefit? Find out
Interest rates for Syndicate Bank’s loan tenure of three months have been hiked to 8.50% from 8.40% earlier. However, the interest rates for loan tenors of overnight, one month, six months and one year remain unchanged to 8.30%, 8.35%, 8.60%, and 8.80%, respectively.
OBC and Syndicate Bank raised the marginal cost of funds based lending rate (MCLR) by 0.10% and 10 basis points (bps) or 0.1% respectively. Image source: PTI