As per the website of the State Bank of India (SBI) has raised its External Benchmark Lending Rate on home loans by 50 basis points (bps) to 7.5 percent and Repo Linked Loan Rate (RLLR) would be 6.65 percent + CRP. The revised interest rates are effective from June 1, 2022.
(Credit Risk Premium) CRP is added over EBLR and RLLR when bank offers any type of loan, including home loans.
It is also reflected on the website, “External Benchmark based Lending Rate (EBLR) = External Benchmark Rate (EBR) + Credit Risk Premium (CRP).”
