Bank of Baroda, India’s third largest public sector bank, announced reduction in Baroda Repo Linked Lending Rate (BRLLR) from 6.85% earlier to 6.75% w.e.f from March 15, 2021. All retail loans are linked to BRLLR (External benchmark- Repo linked rate) , hence customers availing Home Loan, Mortgage Loan, Car Loan, Education Loan, Personal Loan and all other retail loan products can avail of this benefit.
With this revision in BRLLR, Home Loan rates start at 6.75% and Car Loan rates start at 7%, Mortgage loan rates start at 7.95% and Education loan rates start at 6.75%. Please contact your base branch for conversion of Rate of Interest from MCLR to BRLLR.
On the announcement of reduction in BRLLR, Harshadkumar T. Solanki, GM – Mortgages and Other Retail Assets said, “This reduction in BRLLR makes our loans more affordable for the customers. We hope that our efforts towards the digital processes help customers avail quick and smooth loans at the most competitive interest rates”