Loan Interest Rates: Which banks have increased loan interest rates after RBI’s repo rate hike on Friday?
Bank of Baroda
As per the bank’s website, the Baroda Repo Linked Lending Rate (BRLLR) has been increased with effect from August 6, 2022. For retail loans, the BRLLR is 7.95%. The BRLLR is made up of the current RBI repo rate i.e., 5.40% and a mark-up/base spread of 2.55%, according to the bank’s website.