Despite the RBI`s repo rate cut to 5.5 per cent, aimed at easing borrowing costs, India's largest mortgage lender, State Bank of India (SBI), has increased home loan rates by 25 basis points for new borrowers. SBI hikes home loan rates to 7.50%-8.70%, up 25 bps. PSBs offer loans from 7.35% to 10.10%+, credit-based.