SBI Cuts Loan Rates, EMIs Down; Good News for Borrowers

• SBI revised key benchmark interest rates for retail deposits and loans, effective December 15, 2025.
• The bank reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors.
• SBI also cut its External Benchmark Linked Rate (EBLR) by 25 basis points to 7.90% and the Base Rate to 9.90%.
• The 'Amrit Vrishti' 444-day special deposit rate was slightly reduced from 6.60% to 6.45%.
• Minor reductions were made to some retail term deposit rates for both general public and senior citizens in the 2-3 year bracket.

Why It Matters: SBI reduced loan interest rates, lowering EMIs for borrowers.