SBI raised its benchmark lending rates by 25 basis points effective 15 October 2026, lifting the EBLR to 8.15% from 7.90%, so home loan borrowers linked to these benchmarks face higher costs. Using a Bankbazaar illustration of a ₹50 lakh loan over 20 years at 8%, the EMI would rise from ₹41,822 to ₹42,603, an extra ₹781 per month if the rate reaches 8.25%. A ₹1 crore loan would see the EMI rise by about ₹1,563 and roughly ₹3.75 lakh more interest over 20 years. Keeping the EMI unchanged would extend the tenure to 21 years, adding about ₹4.96 lakh in interest on the ₹50 lakh loan.
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