SBI Loan Rate Cut Calculations: How much monthly amount you will save on your home loan EMI after State Bank of India cuts rates by up to 25 bps

SBI Loan Rate Cut: State Bank of India (SBI) has cut the Repo Rate-linked Lending Rate (RLLR) by 25 bps. The bank has also reduced its External Benchmark Based Lending Rate (EBLR) by 25 bps to 8.65 per cent. The revised rates come into effect today (Tuesday, April 15, 2025), as per SBI's official website. After the rate cuts, loans will be cheaper by up to 25 bps. As far as long-term floating rate loans are concerned, they will also get cheaper by up to 25 bps.

The reduced loan rates will be applicable on the ongoing and new loans.

It will be a huge relief for borrowers who have taken long-term floating rate loans such as home loans.

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In this write-up, know how much monthly amount you will save on SBI home loans in the range of Rs 20 lakh to Rs 1 crore.

Also know your revised equated monthly instalment (EMI) amount.

Calculations for story

We will take the example of Rs 20 lakh-Rs 1 crore SBI home loans. We will take 20 years as the loan tenure and 9.5 per cent as the existing interest rate and 9.25 per cent as the revised interest rate.

Amount saved on Rs 20 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 18,642.62
New rate- 9.25 per cent
New EMI- Rs 18,317.34
Monthly Amount Saved- Rs 325.28

Amount saved on Rs 30 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 27,963.94
New rate- 9.25 per cent
New EMI- Rs 27,476.01
Monthly Amount Saved- Rs 487.93

Amount saved on Rs 40 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 37,285.25
New rate- 9.25 per cent
New EMI- Rs 36,634.67
Monthly Amount Saved- Rs 650.58

Amount saved on Rs 50 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 46,606.56
New rate- 9.25 per cent
New EMI- Rs 45,793.34
Monthly Amount Saved- Rs 813.22

Amount saved on Rs 60 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 55,927.87
New rate- 9.25 per cent
New EMI- Rs 54,952.01
Monthly Amount Saved- Rs 975.86

Amount saved on Rs 70 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 65,249.18
New rate- 9.25 per cent
New EMI- Rs 64,110.68
Monthly Amount Saved- Rs 1,138.50

Amount saved on Rs 80 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 74,570.50
New rate- 9.25 per cent
New EMI- Rs 73,269.35
Monthly Amount Saved- Rs 1,301.15

Amount saved on Rs 90 lakh home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 83,891.81
New rate- 9.25 per cent
New EMI- Rs 82,428.02
Monthly Amount Saved- Rs 1,463.79

Amount saved on Rs 1 crore home loan

Earlier rate- 9.5 per cent
Earlier EMI- Rs 93,213.12
New rate- 9.25 per cent
New EMI- Rs 91,586.68
Monthly Amount Saved- Rs 1,626.44