PNB, Indian Bank and BoB raise repo-linked rates: car-loan checks
PNB, Indian Bank and Bank of Baroda raised repo-linked lending rates effective 8 Oct 2026 after the RBI hike, putting…
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In this short
- Repo-linked car loans face reset — Public-sector lenders revised benchmark rates after the RBI’s 7 October policy move.
- PNB moves to new benchmark — PNB’s repo-linked lending rate is effective from 8 October; its MCLR and Base Rate were unchanged.
- Indian Bank sets 8.20% — Its revised repo-linked benchmark is effective from 8 October 2026.
- BoB moves to 8.15% — The bank’s repo-linked rate also rises from 8 October.
- External-benchmark loans first — Car and two-wheeler borrowers should check the benchmark, spread, reset date and revised schedule.
- Check your loan benchmark — See what changes now and which terms determine the actual EMI impact.
- Get the full breakdown — Sources, numbers and what to watch next.