The State Bank of India (SBI), the country’s largest public sector bank, has provided relief to millions of its customers. Every month, SBI updates its Marginal Cost of Funds-Based Lending Rate (MCLR). This time, the bank has kept the MCLR unchanged—neither increased nor decreased.
Because of this, your EMI will not rise. MCLR is directly linked to home loan and car loan interest rates, and any change affects EMIs over time.
The updated rates came into effect on November 15, 2025.
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SBI MCLR Rates (Effective from November 15, 2025)
Overnight MCLR: 7.90%
1-month MCLR: 7.90%
3-month MCLR: 8.30%
6-month MCLR: 8.65%
1-year MCLR: 8.75%
2-year MCLR: 8.80%
3-year MCLR: 8.85%
Comparison of New vs Old MCLR
| Time Period | New MCLR (Nov 15, 2025) | Old MCLR (Oct 15, 2025) |
|---|---|---|
| Overnight | 7.90% | 7.90% |
| 1 month | 7.90% | 7.90% |
| 3 months | 8.30% | 8.30% |
| 6 months | 8.65% | 8.65% |
| 1 year | 8.75% | 8.75% |
| 2 years | 8.80% | 8.80% |
| 3 years | 8.85% | 8.85% |
Processing Fee on SBI Home Loans
SBI charges a processing fee of 0.35% of the total loan amount for home loans. GST is charged separately.
The bank has set a minimum and maximum limit for this fee:
Minimum fee: ₹2,000
Maximum fee: ₹10,000
This fee is applied for processing the loan application, document checks, and verification.
What Is a CIBIL Score?
A CIBIL score (or credit score) is generated by credit agencies based on your loan history, credit card usage, and repayment record.
It shows how trustworthy you are as a borrower.
A higher score helps you get loans at lower interest rates.
Apart from CIBIL, other RBI-recognized credit bureaus that provide credit scores include:
Experian
Equifax
Highmark