SBI home loan EMIs to reduce as PSU bank cuts lending rates: Check latest SBI EBLR, MCLR, base rates

Also read: SSBI latest MCLRSBI has revised its Marginal Cost of Funds-based Lending Rate (MCLR) across various tenors, effecting a modest reduction for borrowers. The overnight and one-month MCLR rates have been cut from 7.90% to 7.85% each, while the three-month rate has been trimmed from 8.30% to 8.25%. The six-month MCLR now stands at 8.60% compared to 8.65% earlier. Longer tenors have also seen similar reductions: the one-year benchmark, which is widely used for most retail loans, has been lowered from ...