After the RBI’s repo rate cut, SBI has reduced its EBLR and RLLR lending rates by 25 basis points. The change is set to take effect from April 15, 2025. MCLR rates will remain unchanged, so the impact on EMIs will depend on whether your loan is linked to EBLR or RLLR.
The RBI kept the repo rate unchanged at 5.5% on October 1, 2025 for the second straight meeting, after cuts earlier this year. With inflation slightly higher and small savings rates steady, banks may struggle to push floating home loan rates down further. Loans linked to EBLR may still reset faster, but the overall window for immediate relief looks narrower.
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