SBI Home Loan: The country’s largest public sector bank, State Bank of India (SBI), has given its millions of customers a gift ahead of Dhanteras and Diwali. The State Bank of India has revised its MCLR. This time, the bank has neither increased nor decreased the MCLR.
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SBI Home Loan : The country’s largest public sector bank, State Bank of India (SBI), has given a gift to its crores of customers before Dhanteras and Diwali. State Bank of India has revised the MCLR. This time the bank has neither increased nor decreased the MCLR. This means, your EMI is not going to increase during the festival. MCLR rates are linked to your home and car loan rates. This means, there will be no change in your home and car loan EMI. These rates have come into effect from today, October 15.
SBI MCLR rates
The overnight and one-month MCLR is now 7.90%. The one-month MCLR will be 7.90%, three-month 8.30%, six-month 8.65%, one-year 8.75%, two-year 8.80%, and three-year 8.85%.
| time period | New MCLR – October 15, 2025 | Old MCLR – September 15, 2025 |
| Overnight | 7.90 | 7.90 |
| one month | 7.90 | 7.90 |
| three months | 8.30 | 8.30 |
| 6 months | 8.65 | 8.65 |
| 1 year | 8.75 | 8.75 |
| 2 years | 8.80 | 8.80 |
| 3 year | 8.85 | 8.85 |
Home Loan Processing Fees
SBI charges a processing fee of 0.35% on home loans (GST extra), with a minimum limit of Rs 2,000 and a maximum limit of Rs 10,000.
What is CIBIL score?
CIBIL is a credit information company that provides your credit history and score. A better score means a higher chance of getting a loan at a lower interest rate. Experian, Equifax, and Highmark are also RBI-recognized credit agencies.
