HDFC Bank increases MCLR rates on two tenures, borrowing costs set to rise, Check details

New Delhi: HDFC Bank has raised its marginal cost of funds-based lending rates (MCLR) by up to 5 basis points (bps) for specific periods, starting today. This change brings the bank's MCLR interest rates to a range of 9.10% to 9.50%, potentially affecting borrowing costs for customers.

The revision specifically affects the six-month and three-year tenures, with the six-month MCLR rising from 9.40% to 9.45%.

The one-year MCLR, a critical benchmark for many consumer loans, remains at 9.45%. Meanwhile, the three-year MCLR has increased from 9.45% to 9.50%. Other rates include 9.10% for overnight loans, 9.15% for one-month loans, and 9.30% for three-month loans.

In terms of home loans, HDFC Bank offers rates benchmarked against the current policy repo rate of 6.50%. Special home loan rates for salaried and self-employed individuals range from 8.75% to 9.65%, while standard home loan rates fall between 9.40% and 9.95%. Check the revised rates below-

Overnight-9.10

One Month-9.15%

Three Months-9.30%

Six Months-9.45%

One Year-9.45%

Two Years-9.45%

Three Years-9.50%