Current Repo Rate: 5.25% · Held at MPC meeting April 8, 2026. RBI maintained its neutral stance — no change for borrowers. SBI and other major banks' EBLR-linked rates remain unchanged. Next MPC meeting: June 3–5, 2026. Rates updated: April 8, 2026.
Rate history timeline
2026
Apr 20265.25%Hold
Feb 20265.25%Hold
Dec 20255.25%–25 bps cut
Oct 20255.50%Hold
Jun 20255.50%–50 bps cut
Apr 20256.00%–25 bps cut
Feb 20256.25%–25 bps cut
2025
2024
Oct 20246.50%Hold
Aug 20246.50%Hold
Jun 20246.50%Hold
Apr 20246.50%Hold
Feb 20246.50%Hold
2023
Dec 20236.50%Hold
Oct 20236.50%Hold
Aug 20236.50%Hold
Jun 20236.50%Hold
Apr 20236.50%Hold
Feb 20236.50%+25 bps
2022
Dec 20226.25%+35 bps
Sep 20225.90%+50 bps
Aug 20225.40%+50 bps
Jun 20224.90%+50 bps
May 20224.40%+40 bps
2020
May 20204.00%–40 bps
Mar 20204.40%–75 bps emergency
2019
Oct 20195.15%–25 bps
Aug 20195.40%–35 bps
Jun 20195.75%–25 bps
Apr 20196.00%–25 bps
Feb 20196.25%–25 bps
What does this mean for your EMI?
EBLR/RLLR-linked loans: If your home or car loan is linked to the RBI repo rate (EBLR or RLLR), rate changes pass through to your EMI within one quarter. MCLR-linked loans move more slowly. If you're unsure which your loan is on, call your bank and ask.
With the repo rate held steady at 5.25%, SBI home loan and personal loan rates are expected to remain unchanged for now. Check the latest SBI interest rates → to see exactly how this affects your EMI.
Check if your loan rate is fair
Compare against current market benchmarks, free, instant
Check My Rate →