ICICI Bank RLLR loan interest rate ..
Following the RBI repo rate hike, ICICI Bank said on its website that the ICICI External Benchmark Lending Rate (I-EBLR) linked to the RBI policy repo rate will come into effect from May 4, 2022 at 8.10 per cent per annum. ICICI Bank has hiked this rate by 40 basis points in line with RBI.
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Bank of Baroda loan interest rate …
From May 5, 2022, the repo-linked Baroda Lending Rate (BRLLR) will be 6.90 per cent on retail loans, the BOB said. Bank of Baroda also raised the rate by 40 basis points. It looks like more banks will be making these announcements soon. A 40 basis point repo rate hike will increase costs for existing borrowers and new borrowers. External benchmark rate means that home loans linked to the repo rate will have the effect of raising the latest rates on all other loans.
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