The term EBLR (External Benchmark Lending Rate) refers to a benchmark interest rate (often linked to the RBI’s repo rate) that banks use to set their lending rates for retail loans, replacing older systems like base rate or MCLR. In the case of Bank of Baroda EBLR rate, they use a variant called BRLLR (Baroda Repo Linked Lending Rate) as their external benchmark.
What is the Current EBLR Rate of BoB?
As of June 2025, the Bank of Baroda EBLR rate is 8.15% p.a. for retail loans. Under this, individual loans are priced as “Repo rate + spread/markup/discount” relative to the BRLLR.
For salaried borrowers, the effective interest offered can vary between (BRLLR – 0.65 %) to (BRLLR + 0.85 %) depending on credit rating and other factors.
For non-salaried applicants, the spread range is slightly wider: (BRLLR – 0.65 %) to (BRLLR + 0.95 %).
Thus, a borrower with excellent credit might get a rate somewhat below 8.15 %, while those with higher risk or poorer scores might be charged above it.
Over time, as the RBI changes the repo rate (or the bank revises its BRLLR), the interest charged on these loans will adjust accordingly; this keeps the rate more responsive to market conditions.
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What is the Bank of Baroda EBLR Rate?
ruchi
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2025-10-05T15:46:51+00:00 2025-10-05T15:46:54+00:00Comment
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