Indian multinational, public sector bank, Bank of Baroda (BoB) has linked its home loan product to RBI's (Reserve Bank of India (RBI)repo rate after State Bank of India (SBI). With this, home loans at BOB will be available at repo rate linked interest rate starting at 8.35%, thus passing on the further benefit of 10 basis points to the present MCLR (Marginal Cost of Funds based Lending Rate) rated pricing. This decision is following RBI reducing the key interest rate (repo) by 35 basis points to a nine-year low of 5.40%. SBI's reduction: After RBI cut its key repo rate, State Bank of India (SBI), reduced home loan rates by 15 bps effect from August 10, 2019. The revised one-year MCLR stands at 8.25% per annum down from 8.40% earlier.