Festive season bonanza: SBI trimmed repo spread by 20 bps on 12-Oct-2025, bringing its repo-linked home loan to 7.75% for CIBIL >750. On a ₹80 L, 20-year loan, EMI falls from ₹69,313 to ₹65,931, saving ₹3,382/month and ₹8.1 L total interest. Processing fee waived till 15-Nov-2025. Should you switch? Yes, if your current rate >8.2% and residual tenor >10 yrs. We compare switching cost (₹12 k) vs balance-transfer offers from BoB & ICICI. Use our break-even calculator. Keywords: SBI home loan 7.75%, switch or stick, refinance savings.