PNB raises MCLR rates by 10 bps from 1 Nov: car-loan checks

In this short

• VEHICLE LOANS PNB lifts MCLR benchmarks The lender’s new benchmarks took effect on 1 Nov, but not every car-loan EMI changes.
• WHAT CHANGED All six tenors moved higher +10 BPS PNB’s rate table shows a uniform increase across every listed MCLR tenor.
• WHO IS AFFECTED MCLR-linked loans face reset The effect depends on the benchmark and reset date written in the loan agreement.
• WHAT STAYS RLLR remains unchanged 8.35% PNB lists this repo-linked rate separately from the November MCLR revision.
• READ THE FULL STORY Check your loan benchmark Read the sanction letter, reset cycle and spread before estimating any EMI change.
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.