New Delhi, 13 December (H.S.): India's largest public sector bank, State Bank of India (SBI), announced on Saturday a 0.25% reduction in its lending rates in response to the Reserve Bank of India's recent repo rate cut, making loans more affordable for both existing and new borrowers. The revised rates will take effect from December 15, 2025.In a statement, SBI confirmed the adjustment, which lowers its External Benchmark Lending Rate (EBLR) by 0.25% to 7.90%.

This move directly follows the RBI's policy decision this month to reduce the repo rate by the same margin.Additionally, the bank reduced its Marginal Cost of Funds-based Lending Rate (MCLR) by 0.05% across all tenures. Consequently, the one-year MCLR drops from 8.75% to 8.70%, while other one-year maturity rates will adjust to 8.75% and 8.80% respectively.

The rate cuts are expected to provide significant relief to borrowers amid easing monetary policy, enhancing credit accessibility in the festive season and beyond.

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Hindusthan Samachar / Jun Sarkar