New Delhi, March 17 (TIWN) Bank of Baroda, India's third largest public sector bank, on Monday reduced Baroda Repo Linked Lending Rate (BRLLR) from 6.85 per cent to 6.75 per cent, effective from March 15.

With this revision in Baroda Repo Linked Lending Rate (BRLLR), the lender is offering home loans at a rate starting from 6.75 percent and car loans beginning from 7 percent.  Mortgage loan rates will start at 7.95 percent and education loans at 6.75 percent, the bank said in a statement.  "This reduction in BRLLR makes our loans more affordable for customers. We hope that our efforts towards the digital processes help customers avail quick and smooth loans at the most competitive interest rates, the bank’s General Manager (mortgages and other retail assets) Harshadkumar Solanki said.