HDFC Lending Rate

Private sector lender HDFC Bank has increased the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across tenors effective June 8, 2026. The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent. The benchmark one-year MCLR has been revised up by 5 basis points to 8.40 per cent, as per the data available on the HDFC Bank website. The one-year rate is used to fix most consumer loans, such as auto, personal and home loans. The overnight, three-month, six-month and three-year tenor MCLRs have been raised by 5 basis points to 8.10 per cent, 8.20 per cent, 8.35 per cent and 8.65 per cent, respectively. The MCLR hike decision comes days after the Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis.

As of December 7, 2023, the revised rates for overnight MCLR stand at 8.70 per cent; for one month, it is 8.75 per cent; for three months, it is 8.90 per cent; for six months, it is 9.15 per cent

The Senior Citizen Care FD offers senior citizens aged 60 years and above an additional 0.75 per cent interest rate for FDs of less than 5 crores

Shifted from quarterly reset for individual loans to monthly one

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

Housing Development Finance Corp Ltd hiked its benchmark lending rate by 25 basis points, with effect from August 1, the company said in an exchange filing

HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May

The revised rate of 6.75% comes into effect today

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

The rub-off effect of subsidiaries is quite prominent on the stock price movement; loan growth at 12 per cent in July-September quarter

The move comes a day ahead of the policy review by the Reserve Bank, which is reportedly peeved at lenders for not passing on its three consecutive rate cuts of 0.75 percent to the borrowers

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Housing Development and Finance Corp (HDFC) on Thursday announced increasing its lending rates by 0.20 percentage points, a day after the RBI hiked the policy rate