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Borrowing costs set to ease as SBI transmits RBI rate cut
State Bank of India cut EBLR to 7.
India’s largest lender, State Bank of India, has announced a reduction in lending rates after the Reserve Bank of India cut policy rates to boost economic growth. SBI lowered its External Benchmark Linked Rate by 25 basis points to 7.90 per cent, making loans cheaper for both existing and new borrowers. The revised rates will be effective from December 15, 2025. In addition, the bank reduced its Marginal Cost of Funds Based Lending Rate across all tenures by 5 basis points.