SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.

Federal student loan rates are fixed and depend on the loan type and academic year your loan is disbursed. If you're borrowing money between July 2023 and 2024, here's what you'll pay: ...

Private student loan rates have also increased considerably, with 10-year fixed-rate loans going from a record low of 4.87% last year to 7.56% today.

The interest rate for undergraduate loans with a disbursement date between July 1, 2023, and June 30, 2024, is 5.5%. For graduate loans, the rate is 7.05%. For PLUS loans, the rate is 8.05%.

Let’s say, for example, that you owe $30,000 on a loan with an 11% interest rate on a 10-year term. If you’re able to refinance to a 7% rate, you’d save $7,791 on interest charges over 10 years.