Keeping up with the festive fervour, Bank of Baroda has slashed the Baroda repo linked lending rate (BRLLR) to 6.85% from 7%.

Customers availing home, mortgage, car, education, personal and all other retail loan products can avail of this benefit as all retail loans are linked to BRLLR (external benchmark-repo linked rate) from 1 November.

Earlier, the bank had announced concession in interest rates on home and car loans.

Home loan rates now start at 6.85%, car loan rates at 7.10%, mortgage loan at 8.05% and education loan rates at 6.85%.

"This reduction in BRLLR makes our home loan, car loan, mortgage, education loan and personal loan, along with other retail loans, attractive. Customers will get benefited in this festive season," said Bank of Baroda GM of mortgages and other retail assets Harshadkumar T Solanki.