Vastavam web: Home, auto and other loans would become costlier as the country’s largest lender SBI Saturday increased its benchmark lending rates or MCLR by 0.2 per cent, a development followed by other lenders. The new rates are effective from today. State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years. Now SBI’s overnight and one-month tenors’ Marginal Cost of Funds Based Lending Rate (MCLR) stands at 8.1 per cent as against 7.9 per cent, as per the SBI’s website. The MCLR for a three-year tenor increased to 8.65 per cent from 8.45 per cent.The rate hike by bank comes a month after the Reserve Bank of India (RBI) hiked benchmark lending rate called repo rate by 25 basis points to 6.5 per cent.