State Bank of India has provided huge relief to their customers. They have taken a big decision regarding the interest rates of the home loan supported by the bank. The decision is no less than a gift in the season of festival. If you heard the news, you will also welcome the decision with open arms. Then what is the exact rule? Why SBI consutomers can feel themselves fortunate during the special time of the year? Let’s find out. Through this article we will discuss about SBI home loan and it’s interest rates through an easy chart.
The country’s largest public sector bank, State Bank of India (SBI), has given a gift to its crores of customers before Dhanteras and Diwali. State Bank of India has revised the MCLR. This time the bank has neither increased nor decreased the MCLR. This means, your EMI is not going to increase during the festival. MCLR rates are linked to your home and car loan rates. This means, there will be no change in your home and car loan EMI. These rates have come into effect from today, October 15.
SBI MCLR rates
The overnight and one-month MCLR is now 7.90%. The one-month MCLR will be 7.90%, three-month 8.30%, six-month 8.65%, one-year 8.75%, two-year 8.80%, and three-year 8.85%.
SBI charges a processing fee of 0.35% on home loans (GST extra), with a minimum limit of Rs 2,000 and a maximum limit of Rs 10,000. CIBIL is a credit information company that provides your credit history and score. A better score means a higher chance of getting a loan at a lower interest rate. Experian, Equifax, and Highmark are also RBI-recognized credit agencies.
List of SBI MCLR rates
| time period | New MCLR – October 15, 2025 | Old MCLR – September 15, 2025 |
| Overnight | 7.90 | 7.90 |
| one month | 7.90 | 7.90 |
| three months | 8.30 | 8.30 |
| 6 months | 8.65 | 8.65 |
| 1 year | 8.75 | 8.75 |
| 2 years | 8.80 | 8.80 |
| 3 year | 8.85 | 8.85 |