The lending rate of SBI for FY 2022-23 may vary based on various factors, such as the type of loan, loan amount, and repayment tenure, among other factors. However, as of my knowledge cutoff of September 2021, SBI’s MCLR (Marginal Cost of Funds based Lending Rate) was 6.65% per annum.
It’s important to note that MCLR is only one of the factors that determine the actual lending rate offered by SBI for different types of loans. The actual lending rate may vary based on other factors such as the borrower’s credit score, income level, and the terms and conditions of the loan agreement. It’s best to check with SBI directly or their official website for the most up-to-date information on lending rates for different types of loans.
