SBI loan interest rates September 2025: Check State Bank of India’s latest home loan rates, MCLR, EBLR and RLLR here

State Bank of India (SBI), the country’s largest public sector lender, has kept its key lending rates unchanged for September 2025, retaining its Marginal Cost of Funds Based Lending Rate (MCLR) and external benchmark-linked rates such as Repo Linked Lending Rate (RLLR).

Latest SBI MCLR for all tenors

The bank’s MCLR rates are ranging between 7.90% and 8.85%. The overnight and one-month tenors are at 7.9% each, while the three-month MCLR stands at 8.3%. The six-month MCLR is 8.65%, the one-year is 8.75%, and the two-year is 8.8%. The three-year MCLR stands at 8.85%.

Lower loan EMIs ahead for these BoB, IOB, IDBI Bank borrowers: Here’s how much MCLR has been cut

Latest SBI MCLR (effective from September 15, 2025)

Tenor	Existing MCLR (In %)	Revised MCLR (In %)
Over night	7.9	7.9
One Month	7.9	7.9
Three Month	8.3	8.3
Six Month	8.65	8.65
One Year	8.75	8.75
Two Years	8.8	8.8
Three Years	8.85	8.85

What is MCLR?

The marginal cost of funds-based lending rate, or MCLR, serves as a benchmark rate for banks to determine the interest rates on various floating-rate loans, such as home, personal, and automobile loans. A decrease in MCLR indicates a possible decline in EMIs for loans or a shorter loan tenure, which benefits borrowers in the long term. MCLR does not apply to new loans, as new floating-rate loans are linked to the External Benchmark Lending Rate (EBLR). Banks provide borrowers with the options to transition from MCLR to EBLR.

SBI home loan interest rates (effective from August 1, 2025)

State Bank of India increased the upper range of home loan interest rates from August 1 while keeping the initial range unchanged. SBI home loan interest rates vary from 7.50% to 8.70%. SBI Home loan Maxgain OD interest rates vary from 7.75% to 8.95%. For a top-up home loan, the interest rates vary from 8.00% to 10.75%, while for the top up (OD) loan, the rates vary from 8.25% to 9.45% The revised home loan rates are effective from August 1, 2025.

SBI EBLR and RLLR rates (effective from June 15, 2025)

State Bank of India has been offering an External Benchmark Lending Rate (EBLR) of 8.15% + Credit Risk Premium (CRP) + Business Strategy Premium (BSP) since June 15, 2025.
Similarly, the Repo Linked Lending Rate (RLLR) has been 7.75% + CRP, effective June 15, 2025.

What is CIBIL score?

The Credit Information Bureau (India) Limited (CIBIL) is the most popular of the four credit information companies licensed by the Reserve Bank of India (RBI). There are three others which are also licensed by the RBI to function as credit information companies. They are Experian, Equifax and Highmark.