The benchmark one-year MCLR will be 7.75 per cent against the existing rate of 7.65 per cent. The one-year rate is used to fix most consumer loans such as auto, personal and home loans.source https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-bank-hikes-benchmark-lending-rate-by-up-to-0-15-loans-to-become-costlier/articleshow/94025635.cms
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