New Delhi: In a major relief to homebuyers and other borrowers, the State Bank of India (SBI) has reduced its lending rates after the Reserve Bank of India (RBI)
slashed the repo rate once again by 25 bps on December 5. The move will lower borrowing costs and is expected to bring down EMIs for both retail and corporate borrowers. The bank has reduced rates across its benchmarks, including the Marginal Cost of Funds-based Lending Rate (MCLR), External Benchmark Lending Rate (EBLR), Repo Linked Lending Rate (RLLR), as well as the Base Rate and Benchmark Prime Lending Rate (BPLR). Also Read: Good News On Home Loans! RBI Cuts Repo Rate by 25 bps — See How Much You Could Save
SBI’s MCLR Cuts
SBI has revised its MCLR across different tenors. The overnight and one-month MCLR have been reduced from 7.90% to 7.85%, while the three-month rate is now 8.25% (down from 8.30%). The six-month MCLR stands at 8.60%, compared to 8.65% earlier. Longer tenors have also seen reductions: the one-year MCLR is now 8.70% (down from 8.75%), and the two-year and three-year MCLRs have been cut by 5 basis points each, now at 8.75% and 8.80%, respectively.
EBLR and RLLR Revised
SBI has lowered its EBLR and RLLR effective December 15, 2025. The EBLR benchmark has been cut from 8.15% + Credit Risk Premium (CRP) + Bank Spread (BSP) to 7.90% + CRP + BSP. The RLLR, linked to the RBI’s repo rate, has been reduced from 7.75% + CRP to 7.50% + CRP. Borrowers with EBLR- or RLLR-linked loans will see a fall in their interest rates and EMIs depending on their loan profile.
Other Rate Changes
SBI’s Benchmark Prime Lending Rate (BPLR) has been revised to 14.65% per annum, and the Base Rate has been lowered to 9.90%, effective December 15, 2025.
