Capera
PSU

Public Sector · RBI Repo Rate

State Bank of India
loan rates

External benchmark

EBLR

7.90%

+240 bps over repo (5.50%)

Marginal cost

1-year MCLR

8.70%

Spread over benchmark: +240 bps

Live · updated 16 October 2026, IST

Your rate stack

What this bank charges, and what it pays back.

01 · RBI

5.50%

Where the bank funds itself overnight

02 · State Bank of India

7.90%

+240 bps over repo

8.70%

+320 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 +165 bps · to MCLR +245 bps

See full FD slabs

State Bank of India's lending-deposit spread sits at +165 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.

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
  1. 3-month
    MCLR
    8.25%
    G-Sec
    5.50%
    +275 bps
  2. 6-month
    MCLR
    8.60%
    G-Sec
    6.11%
    +249 bps
  3. 1-year
    MCLR
    8.70%
    G-Sec
    6.49%
    +221 bps
  4. 2-year
    MCLR
    8.75%
    G-Sec
    6.71%
    +204 bps
  5. 3-year
    MCLR
    8.80%
    G-Sec
    7.11%
    +169 bps

State Bank of India MCLR · G-Sec from RBI curve · as of 16 October 2026