SBI Loan Interest Rates September 2025: State Bank of India (SBI), India’s largest public sector bank, continues to play a key role in providing affordable financial solutions to millions of customers across the country. For September 2025, SBI has kept its key lending rates steady, including the Marginal Cost of Funds Based Lending Rate (MCLR) and external benchmark rates like Repo Linked Lending Rate (RLLR) and External Benchmark Lending Rate (EBLR).
Here’s a comprehensive guide to the latest SBI loan interest rates, home loan options, and essential terms you must know before applying for a loan.
SBI MCLR Rates for September 2025
The Marginal Cost of Funds Based Lending Rate (MCLR) serves as a benchmark for determining interest rates on floating-rate loans such as home loans, personal loans, and auto loans. As of September 2025, SBI’s MCLR rates for various tenors are as follows:
| MCLR Tenor | Rate (%) |
|---|---|
| Overnight | 7.90% |
| 1 Month | 7.90% |
| 3 Months | 8.30% |
| 6 Months | 8.65% |
| 1 Year | 8.75% |
| 2 Years | 8.80% |
| 3 Years | 8.85% |
What is MCLR?
MCLR stands for Marginal Cost of Funds Based Lending Rate, which is the minimum interest rate a bank can lend at, determined by the bank’s cost of funds, operating expenses, and minimum required return.
A reduction in MCLR generally lowers EMIs or shortens the loan tenure, benefiting borrowers.
SBI Home Loan Interest Rates (Effective August 1, 2025)
SBI recently revised its home loan interest rates effective from August 1, 2025. The latest home loan interest rates are structured as follows:
| Loan Type | Interest Rate Range (%) |
|---|---|
| Standard Home Loan | 7.50% – 8.70% |
| Home Loan Maxgain OD | 7.75% – 8.95% |
| Top-Up Home Loan | 8.00% – 10.75% |
| Top-Up (OD) Loan | 8.25% – 9.45% |
These revised rates apply to various types of home loans, offering flexibility and competitive pricing to meet the diverse needs of borrowers.
Read about: Gold Loan NBFCs Ride Rally Amid Tight Unsecured Credit in India
SBI EBLR and RLLR Rates (Effective June 15, 2025)
External Benchmark Lending Rate (EBLR)
SBI’s EBLR rate is currently:
- 8.15% + Credit Risk Premium (CRP) + Business Strategy Premium (BSP)
This ensures that home loan interest rates remain aligned with market fluctuations and RBI policy changes.
Repo Linked Lending Rate (RLLR)
SBI’s RLLR rate is:
- 7.75% + Credit Risk Premium (CRP)
These benchmark rates provide transparency and allow customers to track their loans relative to prevailing market conditions.
What Is a CIBIL Score and Why It Matters?
The CIBIL Score, offered by Credit Information Bureau (India) Limited (CIBIL), is a numerical representation of your creditworthiness.
A higher CIBIL score (typically above 750) increases the likelihood of loan approvals at better interest rates.
Other Credit Information Companies Licensed by RBI:
- Experian
- Equifax
- Highmark
Lenders such as SBI evaluate your CIBIL score before approving loans to assess the risk of default.
Conclusion: SBI Loan Rates Remain Stable Amid Changing Market Dynamics
In September 2025, State Bank of India (SBI) has maintained steady lending rates across MCLR, EBLR, and RLLR, offering predictable borrowing conditions for customers.
- MCLR Rates: Between 7.90% and 8.85%
- Home Loan Rates: From 7.50% to 10.75%, depending on the loan type
- EBLR and RLLR Rates: Adjustable based on market benchmarks
The bank continues to focus on transparency and customer education, empowering borrowers to make informed decisions.
By understanding key terms like MCLR, EBLR, RLLR, and the CIBIL score, individuals can better navigate the loan process and select the right option for their needs.
Also read: Mercedes-AMG Eyes Electric Future with Potential Two-Door GT Coupe
Frequently Asked Questions (FAQs)
1. What is the current SBI home loan interest rate for September 2025?
The home loan interest rate at SBI ranges from 7.50% to 8.70% for standard home loans and up to 10.75% for top-up loans, effective August 1, 2025.
2. What does MCLR mean in the context of SBI loans?
MCLR stands for Marginal Cost of Funds Based Lending Rate. It serves as a benchmark for determining interest rates on floating-rate loans. SBI’s current MCLR varies between 7.90% and 8.85% depending on the tenure.
3. How does the CIBIL score impact loan approval?
A higher CIBIL score indicates better creditworthiness. SBI and other banks evaluate this score before approving a loan. A good score (above 750) improves your chances of approval and favorable interest rates.
4. What is the difference between EBLR and RLLR?
- EBLR (External Benchmark Lending Rate) is linked to market-determined benchmarks like the RBI repo rate plus premiums.
- RLLR (Repo Linked Lending Rate) is tied directly to the RBI repo rate plus a credit risk premium.
Both offer more transparency than MCLR.
5. Why should I consider shifting from MCLR to EBLR for my home loan?
Shifting to EBLR allows your home loan rate to fluctuate based on RBI repo rate changes, ensuring that your loan stays competitive as market conditions evolve. It offers greater transparency compared to the MCLR system.
One thought on “SBI Loan Interest Rates September 2025: Latest Home Loan Rates, MCLR, EBLR, and RLLR”