SBI- Big news for SBI customers. State Bank of India has made a key announcement. This largest public sector bank has announced new interest rates. For the month of September.. it has been revealed that key lending rates are being kept constant. This has come into effect from September 15, 2025.
The bank announced this in a circular. This includes Marginal Cost of Funds Based Lending Rates (MCLR), Repo Linked Lending Rates (RLLR). Now let us know what these MCLR rates are.. how the home loan interest rates are in the bank. It can be said that this will affect the loan interest rates linked to these.
MCLR rates in SBI are now at a minimum of 7.90 percent and a maximum of 8.85 percent. Overnight, one-month MCLR is now at 7.90 percent in this bank. The 3-month MCLR rate is 8.30 percent. If we look at the 6-month MCLR, it continues to be 8.65 percent. The one-year MCLR rate is 8.75 percent. The two-year and three-year MCLRs are 8.8 percent and 8.85 percent respectively. Most consumer loans are linked to the one-year MCLR.
MCLR stands for Minimum Cost of Living Rate. It is the minimum interest rate that banks charge. Banks cannot lend at a lower rate than this. It is a benchmark for different types of floating rate loans. This includes home loans, personal loans, and auto loans. It does not apply to new loans. It applies to those who have already taken loans on floating rates. Banks consider External Benchmark Lending Rates (EBLR) for those taking new loans.
The home loan interest rates in this bank are also currently stable. They range from a minimum of 7.50 percent to a maximum of 8.70 percent. It should be noted that loan interest rates vary depending on the CIBIL score. SBI home loan Maxgain OD interest rates range from 7.75 percent to 8.95 percent. Top up home loan interest rates range from 8- 10.75 percent.