New Delhi, Oct. 16 -- State Bank of India (SBI) has increased its benchmark lending rates by 25 basis points (bps), raising borrowing costs for home loan customers whose interest rates are linked to these benchmarks.

The revision, effective 15 October 2026, increases the External Benchmark Linked Rate (EBLR) to 8.15% plus the applicable Credit Risk Premium (CRP) and Business Strategy Premium (BSP) from the existing rate of 7.90%.

For existing borrowers, the impact will depend on their loan agreement, outstanding principal, remaining repayment period, and applicable spread. Here's what you need to know.

SBI's home loan interest rates vary by loan product and borrower eligibility, including credit score and other applicable conditions. A...