- Effective 15 August 2025, the State Bank of India reduced its Marginal Cost of Funds based Lending Rate (MCLR) by up to 5 basis points across select loan tenures.
- The new rates now range from 7.90% to 8.85%, bringing minor EMI relief to borrowers of MCLR-linked loans such as home and personal loans.
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SBI Reduces Lending Rates to Ease EMI Burden
Borrowers to get slight relief as MCLR rates are lowered.
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