Repo Linked Lending Rate revised to 8.35% from 8.10% w.e.f. 08.10.2026

Indian Overseas Bank has informed the exchanges about a revision in its External Benchmark Lending Rate (EBLR).

Wed 7 Oct 2026

Revised RLLR

8.35% (from 8.10%)

Effective date

08.10.2026

Validity

until further review

The update in one line

Indian Overseas Bank has told BSE and NSE that its External Benchmark Lending Rate (EBLR), in the form of the Repo Linked Lending Rate (RLLR), has been revised to 8.35% from 8.10%, with effect from 08.10.2026. The update states this revised rate will apply until further review.

The numbers

• Existing RLLR: 8.10%
• Revised RLLR: 8.35%
• Effective from: 08.10.2026
• Validity: until further review

What is EBLR or RLLR? EBLR stands for External Benchmark Lending Rate. Under this method, the interest rate on certain loans is not decided by the bank on its own but is tied to an outside benchmark. Here the benchmark is the Repo Linked Lending Rate (RLLR), which is linked to the repo rate. A borrower's actual interest rate is normally this benchmark plus a spread (margin) fixed at the time the loan is sanctioned.

Why a revision in this rate matters

• Loans priced on this benchmark carry a rate that changes when the benchmark changes.
• When the benchmark goes up, the applicable rate on such loans typically resets higher.
• For an equated monthly instalment (EMI) based loan, this can mean a higher EMI or a longer repayment period, depending on the loan's terms.
• Loans that are not linked to this benchmark, and fixed-rate loans, are not automatically affected by this change.
• Deposits are not linked to the lending benchmark.

What the change is, and what it is not

This is an intimation of a revised lending benchmark. The update records the existing rate, the revised rate and the date from which it applies. It is signed by the Deputy General Manager / Company Secretary & Compliance Officer and addressed to both exchanges.

For a retail investor reading this

The benchmark at which the bank prices a section of its loans has moved up by 25 basis points (from 8.10% to 8.35%). Lending rates and borrowing costs are two sides of a bank's business, and a change in one benchmark rate is one data point among many that shape how a bank's loan book is priced. The update itself is a rate update and does not by itself describe any change in the bank's business, capital or ownership.

What a borrower can do with this information

• Check whether your loan agreement links your interest rate to the RLLR or another benchmark.
• If it does, your lender's reset terms decide when and how the new rate applies to you.
• For any clarification on your own loan, your bank branch or lender is the right place to ask.

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