New Delhi: In what would make loans cheaper for borrowers, India’s largest public sector lender State Bank of India (SBI) has announced decrease in lending rates effective today (Tuesday).
State Bank of India has cut its External Benchmark Based Lending Rate (EBLR) by 25 basis points from 8.65 percent to 8.90 effective from 15 April 2025.
SBI’s Repo Linked Lending Rate (RLLR) –barring credit risk premium (CRP) –has also been reduced from 8.50 to 8.25% effective today.
SBI’s Marginal Cost Of Funds Based Lending Rate (MCLR) however remains unchanged.
Marginal Cost Of Funds Based Lending Rate (MCLR) With Effect From 15th April 2025. Tenor-wise MCLR effective from 15th April, 2025 is as under:
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