SBI Home Loan Rate Hike: How Much More Will You Pay on ₹30 Lakh, ₹50 Lakh and ₹1 Crore Loans?

The State Bank of India (SBI) has increased its benchmark lending rate by 25 basis points (0.25 percentage points), effective October 15, 2026. The revision could increase monthly EMIs for home loan borrowers whose interest rates are linked to the affected benchmark.

The impact will depend on the outstanding loan amount, remaining repayment period, applicable interest rate and terms of the loan agreement. Borrowers facing higher EMIs may consider increasing their monthly payments or extending their repayment tenure. While extending the tenure can ease monthly budget pressure, it generally increases the total interest paid.

Here’s a closer look at SBI’s revised rates and how the increase could affect home loans of ₹30 lakh, ₹50 lakh, ₹80 lakh and ₹1 crore.

SBI Home Loan Interest Rates Revised From October 15, 2026

SBI’s External Benchmark Linked Rate (EBLR) has increased from 7.90% to 8.15%. The final interest rate for an individual borrower may differ depending on applicable premiums, credit risk assessment and loan conditions.

According to the rate details provided in the report, SBI’s home loan and related product rates are as follows:

The revised benchmark does not necessarily mean every SBI borrower will see the same increase in their effective loan rate. Borrowers should check their loan agreements and the latest communication from the bank to understand how the change applies to them.

How Much Will Your EMI Increase After a 25-Basis-Point Hike?

To illustrate the potential impact, the following calculations compare a 20-year home loan at an assumed interest rate of 8% with the same loan at 8.25%. These are illustrative figures and may differ from the actual revised EMI on an existing SBI loan.

For a ₹50 lakh loan, the monthly instalment increases by approximately ₹781 under these assumptions. A borrower with a ₹1 crore loan would pay around ₹1,563 more per month if the original 20-year tenure remains unchanged.

The effect on household finances will depend on income, existing expenses and other financial commitments. Even a relatively small monthly increase can add up over a long repayment period.

Total Interest Cost: How Much More Will You Pay?

A higher interest rate increases not only the EMI but also the total interest payable over the repayment period if the original tenure remains unchanged.

These figures assume a fresh 20-year repayment schedule at the respective rates. Actual costs for existing borrowers will depend on their outstanding principal and remaining tenure when the revised rate takes effect.

For a ₹1 crore loan, the illustrative additional interest is approximately ₹3.75 lakh over 20 years. This demonstrates why borrowers should review both the monthly instalment and the long-term cost of their loans.

What If You Keep the EMI Unchanged and Extend the Tenure?

Borrowers who prefer not to increase their monthly payments may be able to extend their loan tenure, subject to the bank’s terms and applicable repayment limits. This can help manage monthly cash flow, but it generally increases the total interest paid.

The figures below illustrate the effect of extending a 20-year loan to 21 years while keeping the EMI at the original level. The calculations use the original 8% EMI and are illustrative.

For a ₹50 lakh loan, retaining an EMI of around ₹41,822 and extending the tenure to 21 years could raise the total interest cost to approximately ₹55.33 lakh under this illustration.

However, the table compares a 21-year repayment at the original EMI with the original 20-year loan. It does not represent a precise calculation of how SBI would restructure every borrower’s loan after the rate revision. The actual tenure extension would depend on the outstanding balance, revised interest rate and bank approval.