Bank of India raises RBLR to 8.35%: car-loan EMI checks
Bank of India raised its repo-linked lending rate by 25 bps to 8.35% after the RBI’s 7 Oct hike. Floating-rate vehicle borrowers…
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In this short
- Bank Of India Raises Repo-Linked Rate — BoI’s RBLR rose 25 bps after the RBI repo hike, affecting eligible floating-rate borrowers.
- Benchmark Moves Higher — BoI RBLR reported up from 8.10% on 7 Oct 2026.
- Repo Component Rises — The RBI-linked component moved from 5.25% to 5.50%, while the 2.85% markup was reported unchanged.
- A ₹10 Lakh Illustration — At 8.10% versus 8.35% over 60 months, the illustrative EMI moves from ₹20,324 to ₹20,444.
- Check Your Reset Clause — Your actual vehicle-loan rate depends on benchmark, spread, reset timing and contract terms.
- Get the full breakdown — Sources, numbers and what to watch next.