Home loan alert: SBI, PNB and 4 other banks revise lending rates — how borrowers may be affected

Six major banks, including SBI and PNB, have revised their repo-linked lending rates in October 2026. The new rates and effective dates are as follows: SBI - 6.75% (effective Oct 1), PNB - 6.80% (effective Oct 5), HDFC - 6.90% (effective Oct 10), ICICI - 6.85% (effective Oct 15), Axis - 6.70% (effective Oct 20), and Kotak - 6.95% (effective Oct 25). Existing and prospective home loan borrowers should be aware of the changes in EMIs and borrowing costs.