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

Group 1: MCLR Adjustments - SBI has revised its Marginal Cost of Funds-based Lending Rate (MCLR) across various tenors, resulting in modest reductions for borrowers [1][6] - 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% [1][6] - The six-month MCLR now stands at 8.60%, down from 8.65%, and the one-year benchmark has been lowered from 8.75% to 8.70% [1][6] - Two-year and three-year MCLR rates have been reduced by 5 basis points each, now at 8.75% and 8.80% respectively [1][6] Group 2: EBLR and RLLR Adjustments - SBI has announced a reduction in its External Benchmark Lending Rate (EBLR) from 8.15% + Credit Risk Premium (CRP) + Bank Spread (BSP) to 7.90% + CRP + BSP, effective December 15, 2025 [3][5] - The benchmark portion of EBLR has decreased by 25 basis points, with the final rate depending on individual CRP and BSP [3][5] - The Repo Linked Lending Rate (RLLR) has been lowered from 7.75% + CRP to 7.50% + CRP, also reflecting a 25-basis point cut [4][5] Group 3: BPLR and Base Rate Adjustments - SBI has revised its Benchmark Prime Lending Rate (BPLR) to 14.65% per annum [6] - The Base Rate has been adjusted to 9.90%, effective December 15, 2025 [6] - These reductions in lending rates are expected to ease borrowing costs and lower EMIs for both retail and corporate customers [6]