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 · Deposits
FD coverage
—
We don't yet track FD rates for State Bank of India.
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.
- 3-month+298 bpsMCLR8.25%G-Sec5.27%
- 6-month+316 bpsMCLR8.60%G-Sec5.44%
- 1-year+284 bpsMCLR8.70%G-Sec5.86%
- 2-year+252 bpsMCLR8.75%G-Sec6.23%
- 3-year+241 bpsMCLR8.80%G-Sec6.39%
State Bank of India MCLR · G-Sec from RBI curve · as of 11 May 2026
Closest peers by EBLR
