SBI lending rates: Your loan EMI to come down as SBI cuts MCLR by up to 25 bps

State Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) across all tenures, effective July 15, 2025. The cuts, up to 25 basis points, bring MCLR rates to a range of 7.95% to 8.90%. Additionally, SBI's External Benchmark Lending Rate (EBLR) is 8.15% effective June 15, 2025. Home loan interest rates vary from 7.50% to 8.