State Bank of India
loan rates

Name: State Bank of India EBLR & MCLR
Creator: Capera

External benchmark

EBLR

8.15%

+290 bps over repo (5.25%)

Marginal cost

1-year MCLR

8.70%

Spread over benchmark: +290 bps

Live · updated 25 June 2026, IST

Your rate stack

What this bank charges, and what it pays back.

01 · RBI

Repo rate

5.25%

Where the bank funds itself overnight

02 · State Bank of India

EBLR

8.15%

+290 bps over repo

1Y MCLR

8.70%

+345 bps over repo

Most retail home loans sit on EBLR; older / corporate loans on MCLR

03 · State Bank of India

1Y FD (your deposit return)

6.25%

Gap to EBLR +190 bps · to MCLR +245 bps

See full FD slabs

State Bank of India's lending-deposit spread sits at +190 bps on EBLR-linked loans and +245 bps on 1-year MCLR. If you hold both an FD and an OD here, that's the spread you're carrying both ways.

MCLR term structure

Rate by reset tenor.

7 tenors

Overnight

7.85

1-month

7.85

3-month

8.25

6-month

8.60

1-year

8.70

2-year

8.75

3-year

8.80

MCLR loans reset at the chosen tenor. A 1-year MCLR loan recalculates once a year; an overnight MCLR loan recalculates every business day. Most retail loans pick the 1-year MCLR.

Vs the sovereign curve

State Bank of India MCLR against same-tenor G-Sec yields.

Compare the cost of a term loan from State Bank of India against what a comparable corporate bond would price at: G-Sec yield plus a credit spread of roughly 75–150 bps for AAA names.

Tenor MCLR G-SecSpread