SBI's revised EBLR-linked rates took effect on October 15, 2026, with regular home loans now at 7.50% to 8.80%, Home Loan Maxgain at 8% to 9.30%, top-up loans at 8% to 10.75% and top-up overdrafts at 8.50% to 11.25%. An illustrative BankBazaar calculation, assuming a rate rise from 8% to 8.25% and 20 years remaining, shows the EMI on a ₹50 lakh loan rising by about ₹781 a month and on a ₹1 crore loan by about ₹1,563. Borrowers may keep their EMI and extend the tenure, or raise the EMI to keep the tenure unchanged; a constant EMI eases monthly cash flow but usually means paying more interest over time. Borrowers should confirm the revised rate, outstanding principal, remaining tenure and next reset date with the bank before deciding.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SBI raises home loan rates by 25 bps : How much more will you pay every month ?
Read the original on businesstoday.in ↗
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