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 ...

Core Viewpoint - State Bank of India (SBI) has decided to keep its key lending rates unchanged for September 2025, indicating a stable interest rate environment for borrowers [1] Lending Rates Summary - The Marginal Cost of Funds based Lending Rate (MCLR) remains between 7.90% and 8.85% [1] - Home loan interest rates are set between 7.50% and 8.70% [1] - The External Benchmark Linked Rate (EBLR) is established at 8.15% plus the Credit Risk Premium (CRP) and Benchmark Spread (BSP) [1] - The Repo Linked Lending Rate (RLLR) is fixed at 7.75% plus the CRP, effective from June 15, 2025 [1]