Latest loan interest rates from top banks: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB in May 2024

Banks adjust MCLR monthly based on factors like repo rate. Latest MCLR rates from top 7 banks in May 2024 highlighted. Banks cannot lend below MCLR except in specific cases. Rates effective from specific dates. Consumer loans linked to 1-year MCLR. Yes Bank and Canara Bank rates effective from specific dates. IDBI Bank and SBI rates also provided.