VEHICLE LOANS
BoI’s RBLR rose 25 bps after the RBI repo hike, affecting eligible floating-rate borrowers.
RATE CHANGE
BoI RBLR reported up from 8.10% on 7 Oct 2026.
THE PASS-THROUGH
The RBI-linked component moved from 5.25% to 5.50%, while the 2.85% markup was reported unchanged.
EMI EXAMPLE
At 8.10% versus 8.35% over 60 months, the illustrative EMI moves from ₹20,324 to ₹20,444.
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Your actual vehicle-loan rate depends on benchmark, spread, reset timing and contract terms.
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Sources, numbers and what to watch next.
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