South Indian Bank Cuts MCLR by 0.10%, Loans to Get Cheaper

• South Indian Bank reduces Marginal Cost of Funds Based Lending Rate (MCLR) by 0.10%.
• Home, car, personal, and business loans will become cheaper.
• Existing floating rate loan EMIs may slightly decrease; new applicants benefit from lower rates.
• MCLR is the minimum rate banks lend at; its reduction lowers loan interest.
• New MCLR rates effective February 2026: Overnight at 8.05%, 1 Year at 9.55%.