\n
New Delhi<\/strong>
The RBI recently cut the repo rate by 25 basis points. The central bank had cut the repo rate for the first time in five years. After this, SBI, the country’s largest bank, has also made some of its loans cheap. The bank has reduced interest rates on several new retail and business loans. These loans are connected to the external benchmark rate (EBR). Along with this, taking a loan to buy a house has become even easier. The home loan connected to EBR is currently 8.9%. This includes RBI’s repo rate 6.25% and 2.65% spread. Home loans will now be available at the rate of 8.25% to 9.2%. It will depend on your credit score.<\/p>\nThe option of home loan Maxgen (overdraft) ranges from 8.45% to 9.4%. Top-up loans will be available from 8.55% to 11.05%. Top-up (overdraft) loans are available from 8.75% to 9.7%. Loans will be available from 9.75% to 11.05% in lieu of property. The reverse morning loan for senior citizens is fixed at 11.3%. Yono Insta Home Top-Up Lone is being offered at 9.1%. Interest rates depend on your cibil score. Bankers say that Business Loans are associated with marginal cost of funds (MCLR). These will be reduced only when interest rates on deposits are low. Last week, HDFC Bank increased its MCLR despite the RBI rate cut.<\/p>\n
Auto loan<\/strong><\/p>\nSBI’s auto loans are also associated with one year of MCLR. This is 9% right now. They will decrease only when the cost of deposit is low. Standard car loans, SBI car loans, NRI car loans and assured car loans are from 9.2% to 10.15%. The interest rates in the Loyalty Car Loan Scheme are slightly lower. It ranges from 9.15% to 10.1%. It depends on your credit profile. SBI Green car loan is available for electric vehicles at 9.1% to 10.15%. The two-wheeler loans are between 13.35% to 14.85%. Electric vehicles offer 0.5% discount. Reduction in SBI rates shows that it wants to keep a competition rate with promoting green vehicles.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"
New DelhiThe RBI recently cut the repo rate by 25 basis points. The central bank had cut the repo rate for the first time in five years. After this, SBI, the country’s largest bank, has also made some of its loans cheap. The bank has reduced interest rates on several new retail and business loans. […]<\/p>\n","protected":false},"author":1,"featured_media":40177,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg","fifu_image_alt":"","footnotes":""},"categories":[43785],"tags":[],"class_list":{"0":"post-40176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n
India's biggest bank made the loan cheaper, know who will benefit - News Timers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India's biggest bank made the loan cheaper, know who will benefit - News Timers\" \/>\n<meta property=\"og:description\" content=\"New DelhiThe RBI recently cut the repo rate by 25 basis points. The central bank had cut the repo rate for the first time in five years. After this, SBI, the country’s largest bank, has also made some of its loans cheap. The bank has reduced interest rates on several new retail and business loans. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/\" \/>\n<meta property=\"og:site_name\" content=\"News Timers\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T08:56:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg\" \/><meta property=\"og:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"newstimers.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"newstimers.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/\"},\"author\":{\"name\":\"newstimers.com\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/#\\\/schema\\\/person\\\/eedb09e776755c468967c45aea40c71d\"},\"headline\":\"India’s biggest bank made the loan cheaper, know who will benefit\",\"datePublished\":\"2025-02-18T08:56:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/\"},\"wordCount\":330,\"image\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i1.wp.com\\\/thekhabars.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/17A_24-780x470.jpg?ssl=1\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/\",\"url\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/\",\"name\":\"India's biggest bank made the loan cheaper, know who will benefit - News Timers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i1.wp.com\\\/thekhabars.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/17A_24-780x470.jpg?ssl=1\",\"datePublished\":\"2025-02-18T08:56:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/#\\\/schema\\\/person\\\/eedb09e776755c468967c45aea40c71d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i1.wp.com\\\/thekhabars.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/17A_24-780x470.jpg?ssl=1\",\"contentUrl\":\"https:\\\/\\\/i1.wp.com\\\/thekhabars.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/17A_24-780x470.jpg?ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/02\\\/18\\\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/newstimers.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India’s biggest bank made the loan cheaper, know who will benefit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/#website\",\"url\":\"https:\\\/\\\/newstimers.com\\\/\",\"name\":\"News Timers\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/newstimers.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/#\\\/schema\\\/person\\\/eedb09e776755c468967c45aea40c71d\",\"name\":\"newstimers.com\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/wp-content\\\/litespeed\\\/avatar\\\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818\",\"url\":\"https:\\\/\\\/newstimers.com\\\/wp-content\\\/litespeed\\\/avatar\\\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818\",\"contentUrl\":\"https:\\\/\\\/newstimers.com\\\/wp-content\\\/litespeed\\\/avatar\\\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818\",\"caption\":\"newstimers.com\"},\"sameAs\":[\"https:\\\/\\\/newstimers.com\"],\"url\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/author\\\/newstimers-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India's biggest bank made the loan cheaper, know who will benefit - News Timers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/","og_locale":"en_US","og_type":"article","og_title":"India's biggest bank made the loan cheaper, know who will benefit - News Timers","og_description":"New DelhiThe RBI recently cut the repo rate by 25 basis points. The central bank had cut the repo rate for the first time in five years. After this, SBI, the country’s largest bank, has also made some of its loans cheap. The bank has reduced interest rates on several new retail and business loans. […]","og_url":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/","og_site_name":"News Timers","article_published_time":"2025-02-18T08:56:00+00:00","og_image":[{"url":"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg","type":"","width":"","height":""},{"url":"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg","width":1920,"height":1152,"type":"image\/jpeg"}],"author":"newstimers.com","twitter_card":"summary_large_image","twitter_image":"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg","twitter_misc":{"Written by":"newstimers.com","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#article","isPartOf":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/"},"author":{"name":"newstimers.com","@id":"https:\/\/newstimers.com\/#\/schema\/person\/eedb09e776755c468967c45aea40c71d"},"headline":"India’s biggest bank made the loan cheaper, know who will benefit","datePublished":"2025-02-18T08:56:00+00:00","mainEntityOfPage":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/"},"wordCount":330,"image":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#primaryimage"},"thumbnailUrl":"https:\/\/i1.wp.com\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg?ssl=1","articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/","url":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/","name":"India's biggest bank made the loan cheaper, know who will benefit - News Timers","isPartOf":{"@id":"https:\/\/newstimers.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#primaryimage"},"image":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#primaryimage"},"thumbnailUrl":"https:\/\/i1.wp.com\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg?ssl=1","datePublished":"2025-02-18T08:56:00+00:00","author":{"@id":"https:\/\/newstimers.com\/#\/schema\/person\/eedb09e776755c468967c45aea40c71d"},"breadcrumb":{"@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#primaryimage","url":"https:\/\/i1.wp.com\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg?ssl=1","contentUrl":"https:\/\/i1.wp.com\/thekhabars.com\/wp-content\/uploads\/2025\/02\/17A_24-780x470.jpg?ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/newstimers.com\/index.php\/2025\/02\/18\/indias-biggest-bank-made-the-loan-cheaper-know-who-will-benefit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newstimers.com\/"},{"@type":"ListItem","position":2,"name":"India’s biggest bank made the loan cheaper, know who will benefit"}]},{"@type":"WebSite","@id":"https:\/\/newstimers.com\/#website","url":"https:\/\/newstimers.com\/","name":"News Timers","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newstimers.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/newstimers.com\/#\/schema\/person\/eedb09e776755c468967c45aea40c71d","name":"newstimers.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newstimers.com\/wp-content\/litespeed\/avatar\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818","url":"https:\/\/newstimers.com\/wp-content\/litespeed\/avatar\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818","contentUrl":"https:\/\/newstimers.com\/wp-content\/litespeed\/avatar\/eaeb390f9d988b6e37b361c9a0127b35.jpg?ver=1776602818","caption":"newstimers.com"},"sameAs":["https:\/\/newstimers.com"],"url":"https:\/\/newstimers.com\/index.php\/author\/newstimers-com\/"}]}},"_links":{"self":[{"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/posts\/40176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/comments?post=40176"}],"version-history":[{"count":0,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/posts\/40176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/media\/40177"}],"wp:attachment":[{"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/media?parent=40176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/categories?post=40176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newstimers.com\/index.php\/wp-json\/wp\/v2\/tags?post=40176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}