South Indian Bank updates MCLR: 20 Oct car-loan rates and EMI

In this short

• VEHICLE LOANS South Indian Bank updates car-loan rates A 20 October MCLR update adds lender-specific detail after the RBI repo-rate move.
• WHAT CHANGED New MCLR slabs start 20 Oct 2026 The revised slabs apply to eligible new, renewed or reset MCLR-linked facilities.
• THE KEY RATE Floating new-car rate listed 8.25% South Indian Bank lists this repo-linked floating rate onwards as of 20 October 2026.
• BORROWER CHECK Find your loan benchmark first Retail floating loans may be EBLR-linked, while MCLR changes apply only to eligible MCLR-linked facilities.
• READ THE FULL STORY Check reset date and EMI terms Compare the written benchmark, spread and repayment schedule before measuring any change.
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.