Big Relief for SBI Customers: MCLR Unchanged—Here’s How Your Home Loan EMI Will Be Impacted

State Bank of India (SBI), the country’s largest public sector lender, has offered much-needed relief to its millions of borrowers. The bank has announced that it will not revise its Marginal Cost of Funds-Based Lending Rate (MCLR) for the month of November 2025. This means no increase—and no decrease—in lending rates linked to MCLR, providing stability for customers whose home and car loans are tied to these benchmark rates.

SBI reviews its MCLR every month, and any change directly influences the EMIs of loans linked to this system. With the bank keeping rates unchanged this time, borrowers can breathe easy as their monthly outflows will remain steady. The revised MCLR structure is effective from 15 November 2025.

SBI MCLR Rates: No Change Across All Tenures

SBI has kept its MCLR rates exactly the same as the previous month. Here are the updated figures:

These rates show complete stability across short-term and long-term lending periods. Since most home loans in India are linked to the one-year MCLR, borrowers will not see any immediate change in their EMIs.

What Does This Mean for Home Loan EMI?

The biggest relief for customers is that their home loan EMIs will not increase. MCLR-linked home loans are reset periodically—usually once every six to twelve months. When MCLR rises, EMIs increase during the next reset cycle; when it falls, EMIs go down.

Because the bank has kept the MCLR unchanged:

• Your current EMI will stay the same.

• No immediate impact will be visible.

• Any future reset will also be calculated at existing rates, unless MCLR changes later.

This announcement brings comfort at a time when many customers were expecting an upward revision amid fluctuating macroeconomic conditions.

SBI Home Loan Processing Fee Details

Apart from lending rates, SBI has also maintained its existing processing fee structure for home loans.
The bank charges 0.35% of the total loan amount as processing fees, plus the applicable GST.

SBI has capped this fee:

• Minimum fee: ₹2,000

• Maximum fee: ₹10,000

The processing fee covers:

• Application handling

• Document verification

• Financial assessment

• Property and identity verification

This makes SBI’s processing charges relatively competitive compared to private sector lenders.

What Is a CIBIL Score and Why Does It Matter?

A borrower’s credit score plays a crucial role in determining loan eligibility and interest rates.
CIBIL, along with other RBI-approved credit agencies like Experian, Equifax, and Highmark, assigns a score based on:

• Previous loans

• Credit card usage

• Repayment history

• Credit behaviour

A higher score indicates responsible repayment habits and improves the chances of securing loans at lower interest rates. As a result, maintaining a strong credit profile helps borrowers get better loan terms, especially when applying for home loans.

Why This Update Matters

With MCLR staying unchanged:

• Loan borrowers get short-term financial stability

• Homebuyers planning new purchases can make decisions confidently

• Existing customers benefit from predictable EMIs

• The real estate and lending markets gain temporary rate stability

For millions of SBI customers, this announcement brings reassurance and steady loan repayment commitments heading into the new financial quarter.