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SBI hikes home loan interest rates, increases EMI for borrowers
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News18•18-10-2026, 14:31
SBI hikes home loan interest rates, increases EMI for borrowers
- •Following the RBI repo rate hike, State Bank of India has increased home loan interest rates by 25 basis points.
- •The revised rates apply to loans linked to the External Benchmark Linked Rate and Repo Linked Lending Rate effective October 15, 2026.
- •For an outstanding loan of 50 lakh rupees with a 20-year tenure, the monthly EMI will increase by approximately 781 rupees.
Key Questions Answered
SBI increased its home loan interest rates by 25 basis points following the repo rate hike by the Reserve Bank of India (RBI). The revised rates specifically apply to loans linked to the External Benchmark Linked Rate (EBLR) and Repo Linked Lending Rate (RLLR).
Regular home loan interest rates now range from 7.50% to 8.80%ber. For Home Loan Maxgain, rates range between 8% and 9.30%, while top-up loans and top-up overdraft loans range from 8% to 10.75% and 8.50% to 11.25% respectively.
For an outstanding home loan of ₹50 lakh with a remaining tenure of 20 years and an interest rate increase from 8% to 8.25%, the monthly EMI will increase by approximately ₹781 if the loan tenure remains unchanged.
