HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR), which will benefit borrowers whose loans are linked to this benchmark. The bank has lowered the MCLR by up to 15 basis points (bps) on select loan tenures. A basis point is one-hundredth of a percentage point.
Following the revision, HDFC Bank’s MCLR rates now range from 8.45% to 8.65%, depending on the loan tenure. Earlier, HDFC Bank’s MCLR rates ranged from 8.55% to 8.75%.
Latest HDFC Bank MCLR rates
HDFC Bank’s overnight MCLR reduced from 8.55% to 8.45%. The bank has cut its one-month MCLR from 8.55% to 8.40, while its three-month MCLR is reduced by 15 bps from 8.60% to 8.45%. The six-month and one-year MCLR rates have been cut by 10 bps each, from 8.65% to 8.55%. The two-year MCLR has also been reduced from 8.70% to 8.60%, while the three-year rate is reduced from 8.75% to 8.65%
Source- HDFC Bank website
Non-FASTag users to pay 1.25 times fee if payments made via UPI
What is MCLR?
The Marginal Cost of the Fund-Based Lending Rate or MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the Reserve Bank of India. The RBI introduced MCLR in 2016.
HDFC Bank base rate
The current HDFC Bank base rate is 8.90% effective from September 19, 2025.
Benchmark PLR
Effective September 19, 2025, HDFC Bank’s benchmark PLR (BPLR) has been revised to 17.40% p.a.
What are HDFC Bank FD interest rates?
HDFC Bank offers fixed deposit interest rates between 2.75% and 6.60% to general citizens, while 3.25% and 7.10% to senior citizens for amounts below Rs 3 crore. The highest interest rates of 6.60% and 7.10% for general and senior citizens are being offered on the FD tenure of 18 months to less than 21 months. These rates are effective from June 25, 2025.
What are HDFC Bank’s home loan interest rates?
HDFC Bank’s home loan interest rates are linked to the Repo Rate, as per the HDFC Bank website. Special home loan rates for salaried and self-employed individuals (professional and non-professional) range between 7.90% and 13.20% as on October 7, 2025, as per the HDFC website.
The bank’s calculation for the home loan rate is- the policy repo rate+2.4% to 7.7%= 7.9% to 13.20%.
Following the revision, HDFC Bank’s MCLR rates now range from 8.45% to 8.65%, depending on the loan tenure. Earlier, HDFC Bank’s MCLR rates ranged from 8.55% to 8.75%.
Latest HDFC Bank MCLR rates
HDFC Bank’s overnight MCLR reduced from 8.55% to 8.45%. The bank has cut its one-month MCLR from 8.55% to 8.40, while its three-month MCLR is reduced by 15 bps from 8.60% to 8.45%. The six-month and one-year MCLR rates have been cut by 10 bps each, from 8.65% to 8.55%. The two-year MCLR has also been reduced from 8.70% to 8.60%, while the three-year rate is reduced from 8.75% to 8.65%
Source- HDFC Bank website
Non-FASTag users to pay 1.25 times fee if payments made via UPI
What is MCLR?
The Marginal Cost of the Fund-Based Lending Rate or MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the Reserve Bank of India. The RBI introduced MCLR in 2016.
HDFC Bank base rate
The current HDFC Bank base rate is 8.90% effective from September 19, 2025.
Benchmark PLR
Effective September 19, 2025, HDFC Bank’s benchmark PLR (BPLR) has been revised to 17.40% p.a.
What are HDFC Bank FD interest rates?
HDFC Bank offers fixed deposit interest rates between 2.75% and 6.60% to general citizens, while 3.25% and 7.10% to senior citizens for amounts below Rs 3 crore. The highest interest rates of 6.60% and 7.10% for general and senior citizens are being offered on the FD tenure of 18 months to less than 21 months. These rates are effective from June 25, 2025.
What are HDFC Bank’s home loan interest rates?
HDFC Bank’s home loan interest rates are linked to the Repo Rate, as per the HDFC Bank website. Special home loan rates for salaried and self-employed individuals (professional and non-professional) range between 7.90% and 13.20% as on October 7, 2025, as per the HDFC website.
The bank’s calculation for the home loan rate is- the policy repo rate+2.4% to 7.7%= 7.9% to 13.20%.
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