Loan Account Number: 3049 8871 0025 6
Customer ID / CIF: CIF 80554213
Date: 2 April 2026
Place: Ludhiana
Sent by: email, and by hand against acknowledgement
To
The Branch Manager
Bank of Baroda
Retail Asset Branch, Sector 34, Chandigarh
Ground Floor, Sunrise Plaza, Sector 34, Chandigarh 160034
Copy to: The Nodal Officer / Principal Nodal Officer, Bank of Baroda
From
Kavita Ramaswamy and Anand Ramaswamy
B-704, Meridian Heights, Sector 70, Mohali 140307
Phone: +91 XXXXX XXXXX
Email: kavita.r@example.com
Subject: Loan Account 3049 8871 0025 6 — application to reprice the loan to Repo Linked Lending Rate (RLLR / EBLR), and to be given the switch fee and the revised terms in writing before anything is debited
Dear Sir / Madam,
1.1 This letter concerns the loan account described below, which stands in my name jointly with Anand Ramaswamy. Please quote the loan account number on every reply.
1.2 Particulars:
- Loan account number: 3049 8871 0025 6
- Type of loan: Housing Loan
- Purpose for which the loan was taken: a personal or household purpose
- Date of sanction: 1 April 2026
- Amount sanctioned: ₹42,00,000 (Rupees Forty Two Lakh only)
- Principal outstanding today: ₹29,65,000 (Rupees Twenty Nine Lakh Sixty Five Thousand only)
- Present EMI: ₹31,480 (Rupees Thirty One Thousand Four Hundred and Eighty only)
- Balance tenure: about 148 months
- Present rate of interest: 9.35% per annum
- Present interest rate basis: Base Rate
- Status of the account: regular — no EMI is overdue
- How that rate is made up: One-year MCLR 8.95% + spread 0.40%
- Security: Equitable mortgage of Flat B-704, Meridian Heights, Sector 70, Mohali
2.1 Please reprice this loan account from its present basis — Base Rate — to Repo Linked Lending Rate (RLLR / EBLR), with effect from the earliest date your systems allow.
2.2 Before you process anything, please send me in writing the price of that change and the terms on which it will be given effect, as listed in paragraph 6 below, so that I can accept them.
2.3 Please treat this as a formal application under your Board-approved interest rate policy and under the Reserve Bank of India instructions named in paragraph 3, register it in your customer service or grievance system, and give me the reference number.
What you are charging new borrowers today. For a new loan of the same kind, Bank of Baroda is presently offering: 8.40% to 8.75% per annum for salaried borrowers, as published on your website on 3 September 2026. I am paying 9.35% per annum on the same book, on a loan you have already made, secured on the same terms, with a repayment record you can see. That gap is the reason for this letter.