Core Viewpoint - State Bank of India (SBI) has announced reductions in its External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR), effective December 15, 2025, which is expected to lower EMIs for eligible customers [1][2] Group 1: EBLR Changes - SBI's EBLR has been reduced from 8.15% plus Credit Risk Premium (CRP) and Bank Spread (BSP) to 7.90% plus CRP and BSP, indicating a 25-basis-point cut in the benchmark component [1] Group 2: RLLR Changes - SBI's RLLR has been decreased from 7.75% plus CRP to 7.50% plus CRP, which is directly linked to the RBI's repo rate [2] - The final interest rate for borrowers will still depend on their individual risk profile and applicable spreads, but the reduction is anticipated to result in lower EMIs for eligible customers [2]
Good news for borrowers: EMIs set to drop as these banks cut lending rates - Major banks cut lending rates
The Economic Times·2025-12-22 06:36