SBI, IOB Cut Lending Rates by 25 BPS, Making Loans Cheaper From Dec 15, 2025

• SBI reduced its lending rate by 25 basis points, making loans cheaper for borrowers, effective December 15, 2025.
• SBI's External Benchmark Linked Rate (EBLR) will decrease to 7.90%.
• The bank also cut its Marginal Cost of Funds-Based Lending Rate (MCLR) by 5 basis points across all tenures.
• Indian Overseas Bank (IOB) also reduced its External Benchmark Lending Rate (EBLR) by 25 basis points and MCLR by 5 basis points.
• These rate reductions will lower EMIs for existing and new borrowers, benefiting retail, MSME, and corporate customers.

Why It Matters: Loan EMIs will decrease for many as SBI and IOB cut lending rates.