1 / 6Many large banks in the country have recently increased its MCLR. If you are also taking a home loan, car loan, or personal loan, the interest rate is bound to increase after MCLR increases. This will have a direct effect on your EMI. 2 / 6State Bank of India (SBI) on Monday hiked the MCLR by 10 basis points (0.10 percent). As a result, all types of bank loans have become expensive.3 / 6Bank of Baroda has also hiked interest rates by 0.05 percent since April 12. This will increase the EMI of your loan.4 / 6अॅक्सिस बँकेनेही आपल्या कर्जाच्या व्याजदरामध्ये वाढ केली आहे. बँकेने एमसीएलआरमध्ये ०.०५ टक्क्यांची वाढ केली आहे. वाढलेले व्याजदर १८ एप्रिलपासून लागू झाले आहेत. 5 / 6Kotak Mahindra Bank has also pushed the borrowers by increasing the MCLR. The increased rates from the bank have come into effect from April 16.6 / 6MCLR is a parameter by which the interest rate is determined on the basis of any bank's internal expenses and required funds.