Good news for SBI -Customers, Home Loan EMI will not increase, know full details

Last updated: May 16, 2025, 19:46 IST SBI made no changes in the marginal cost -based lending rate (MCLR) and Repo -linked lending rate (RLR). This will not increase the EMI of home loan customers. SBI has given Karondo customers relief! New -delhi. The country’s largest government bank is a relief to clients from the State Bank of India (SBI). Actually, the State Bank of India made no change in its lending rates for May 2025. The bank maintained its marginal cost -based lending rate, ie MCLR and Repo -linked lending rate (RLLR) as before. This will not increase the burden on customers taking loans. McLR was reduced in April 2025 in April 2025, at the MPC meeting, the repo rate was reduced from 6.25 percent to 6.00 percent. After this, SBI also lowered the loan figures associated with its external measure with 25 basis points, ie 0.25 percent. SBI’s MCLR rates- overnight- 8.20 percent 1 month- 8.20 percent 3 months- 8.55 percent 6 months- 8.90 percent 1 year- 9.00 percent 2 years- 9.05 percent 3 years- 9.10 percent, the lending rate of the repo? The Repo rate linked lending rate (RLLR) is also attached to the repo rate, but the bank adds credit risk (CRP) based on the customer’s Cibil score and risk. SBI’s new Rllr = 8.25 percent, including 6 percent repo rate and 2.25 percent premium. What is MCLR? It is noteworthy that MCLR is a method developed by the Reserve Bank of India (RBI), on the basis of which banks determine the interest rate for loan. For this, all banks used to resolve interest rate for customers based on the base rate. Over the past five years, author Vinoy Jha has been working as a senior copy editor in News18hindi after starting his career with print media. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more, after the past five years have started a career with print media, there is a senior copy editor in News18hindi. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more about India Pakistan’s latest news about News18 India.