The revision comes following the previous hike in November last year. SBI had raised the MCLR rate by 15 basis points across tenors, making most consumer loans costlier for borrowers. The rates came into effect on November 15, 2022. The benchmark one-year MCLR, used as a base for fixing the home, auto, and personal loans, was raised by 10 basis points (bps) to 8.05 per cent, as against 7.95 per cent earlier. Likewise, the two-year and three-year MCLRs were raised by 10 basis points each to 8.25 per cent and 8.35 per cent, respectively, as per the SBI notification on its website. Among others, one-month and three-month MCLRs were increased by 15 basis points each to 7.75 per cent. The six-month MCLR was up by 15 basis points at 8.05 per cent, while the overnight rate was higher by 10 basis points at 7.60 per cent.