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SBI reduces MCLR-linked loan's reset period to 6 months; here's what it means for you

Updated : September 11, 2020 04:16 PM IST

For the borrowers, this means that SBI will now reprice the interest rates on loans after 6 months to pass on any changes in the external benchmark rate.
SBI reduces MCLR-linked loan's reset period to 6 months; here's what it means for you

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