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SBI home loan rates
State Bank of India has reduced the marginal cost of funds-based lending rate (MCLR) on select tenures even as the Reserve Bank of India (RBI) kept the repo rate unchanged in its August MPC meeting. The country’s top PSU bank has cut the rates by up to 5 basis points (bps). The revised rates will be applicable from today, i.e., August 15, 2025. After the revision, the bank’s MCLR rates are between 7.90% and 8.85% as compared to the previous range of 7.95% and 8.90%.
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After the MCLR rate cut, loans linked to it are set to be cheaper.


Latest SBI lending rates (applicable from August 15, 2025)

Tenor Existing MCLR (In %) Revised MCLR (In %)
Over night 7.95 7.9
One Month 7.95 7.9
Three Month 8.35 8.3
Six Month 8.7 8.65
One Year 8.8 8.75
Two Years 8.85 8.8
Three Years 8.9 8.85
Source- SBI website

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 8.25% to 10.75%. The revised home loan rates are effective from August 1, 2025.

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

The bank 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. There are three others which are also licensed by the RBI to function as credit information companies. They are Experian, Equifax and Highmark.

What is the processing fee for SBI Home loans?

The processing fee for the SBI regular home loan is 0.35% of the loan amount plus GST subject to a minimum of Rs 2,000 plus applicable GST and a maximum of Rs 10,000 plus GST.


Lending rates of other banks

In August 2025, Bank of Baroda, HDFC Bank, and Punjab National Bank also reduced their Marginal Cost of Funds Based Lending Rates (MCLR), while Canara Bank and Indian Bank kept their rates unchanged.