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SBI Increases EBLR and RLLR Lending Rates From 15 October 2026

State Bank of India revised its external benchmark lending rates with effect from 15 October 2026.

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Written by Aarav Sharma

Published 15 October 2026·2 min read

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State Bank of India has revised its benchmark lending interest rates with effect from 15 October 2026. The lender published the updated rates on its official portal on 14 October 2026. Floating rate loans linked to external benchmarks will reflect the revised rate structure.

Benchmark Type Existing Rate Revised Rate Effective Date
External Benchmark based Lending Rate (EBLR) 7.90%+CRP+BSP 8.15%+CRP+BSP 15th October 2026
Repo Linked Lending Rate (RLLR) 7.50%+CRP 7.75%+CRP 15th October 2026

Details of the SBI Rate Revision

State Bank of India updated the schedule on the portal titled External Benchmark based Lending Rate – Interest Rates on Wednesday, 14 October 2026. The bank changed the External Benchmark based Lending Rate (EBLR) from 7.90%+CRP+BSP to 8.15%+CRP+BSP. SBI also revised the Repo Linked Lending Rate (RLLR) from 7.50%+CRP to 7.75%+CRP. Both revised interest rates apply to borrowers starting 15 October 2026.

The External Benchmark based Lending Rate equals External Benchmark Rate (EBR) plus Credit Risk Premium (CRP). Historical data shows EBR stood at 7.05% with effect from 1 June 2022, making EBLR equal to 7.05% plus CRP. Similarly, RLLR stood at 6.65% plus CRP with effect from 1 June 2022. Borrowers can monitor general updates on Interest Rates in India Today — October 2026 to track market trends.

Retail Loan Interest Rates at SBI

The bank portal displays specific starting rates across various credit categories. Home loans start from 7.25% p.a. with effect from 1 April 2026. Personal loans start from 10.00% p.a., while pension loans start from 11.60% p.a. Borrowers comparing wider retail market options can inspect Personal Loan Interest Rates for comparative details.

Auto loans carry starting rates of 8.30% p.a. under the updated schedule. SBI Personal Gold Loan starts from 7.90% p.a., whereas SBI Realty Gold Loan starts from 8.00% p.a. Education loans stand at 8.75% p.a. for loan amounts up to ₹3 lakh, and 8.85% p.a. for amounts above ₹3 lakh up to ₹5 lakh. Agriculture loans carry an interest rate of 9.95% p.a. with effect from 15 December 2025.

Deposit Rates and Other Lending Facilities

Loans against mutual funds carry an interest rate of 5.75% p.a. for loan amounts up to ₹2 lakh. The rate changes to 7.90% p.a. for loan amounts above ₹2 lakh up to ₹6 lakh. Borrowers evaluating mortgage options can check Home Loan Interest Rates of All Banks Today alongside these published benchmarks.

The page also outlines interest rates for deposit products. Savings bank account deposits earn 2.50% p.a. with effect from 15 June 2025. Retail domestic term deposits yield 6.90% for tenures of 2 years to less than 3 years. Fixed deposits with tenures of 5 years up to 10 years offer 7.05% p.a. SBI noted that AI tools generated part of the translated page contents through Bhashini.

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