Lower loan EMI’s for these borrowers: These banks have reduced loan lending rates in July 2025 - Latest SBI lending rates July 2025

State Bank of India has reduced its MCLR rates across all tenors effective July 2025: For the overnight and one-month tenors, the MCLR has been reduced from 8.20% to 7.95%, down by 25 bps. The three-month MCLR is reduced from 8.55% to 8.35%, down 20 bps and the six-month MCLR has been lowered by 20 bps from 8.90% to 8.70%. For the one-year tenor, the MCLR has been reduced from 9.00% to 8.80%, down by 20 bps. The two-year MCLR has been revised from 9.05% to 8.85%. And for the three-year tenor, it has been reduced by 20 bps from 9.10% to 8.90%. Latest SBI lending rates July 2025