Several banks lift repo-linked loan rates by 25 bps after RBI hike: car-loan checks
PNB, Bank of India, Bank of Baroda and other lenders raised repo-linked benchmarks after the RBI’s 7 Oct hike to 5.50%. Car-loan…
Read: Several banks lift repo-linked loan rates by 25 bps after RBI hike: car-loan checks →
In this short
- Banks pass through RBI rate hike — Repo-linked lending benchmarks moved, putting reset dates and EMIs back on borrowers’ checklists.
- Repo rate rose 25 bps — The RBI’s 7 Oct 2026 decision moved the policy repo rate to 5.50%.
- Some lenders now show 8.35% — PNB and Bank of India were among the lenders reported at this revised benchmark.
- A reset can add monthly cost — A FuelPrice illustration shows the difference on a ₹10 lakh balance with 60 months left.
- Check your loan reset terms — Find the benchmark, spread, effective date and whether the change affects EMI, tenure or both.
- Get the full breakdown — Sources, numbers and what to watch next.