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LENDING RATES

Repo-linked car loans face reset

Public-sector lenders revised benchmark rates after the RBI’s 7 October policy move.

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WHAT CHANGED

PNB moves to new benchmark

8.35%

PNB’s repo-linked lending rate is effective from 8 October; its MCLR and Base Rate were unchanged.

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INDIAN BANK

Indian Bank sets 8.20%

8.20%

Its revised repo-linked benchmark is effective from 8 October 2026.

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BANK OF BARODA

BoB moves to 8.15%

8.15%

The bank’s repo-linked rate also rises from 8 October.

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WHO IS AFFECTED

External-benchmark loans first

Car and two-wheeler borrowers should check the benchmark, spread, reset date and revised schedule.

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Check your loan benchmark

See what changes now and which terms determine the actual EMI impact.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: PNB, Indian Bank and BoB raise repo-linked rates: car-loan checks