HDFC Bank Cuts MCLR By Up To 10 Bps, Check Revised Lending Rates Across Tenures
HDFC Bank Cuts MCLR By Up To 10 Bps, Check Revised Lending Rates Across Tenures
- Why it matters
- Lower MCLR rates reduce borrowing costs for customers with floating-rate loans tied to this benchmark, including home, auto and business loans.
- Most affected
- HDFC Bank customers with floating-rate loans — Monthly EMI may decrease depending on loan tenor and repricing frequency.
- Likely next
- whether other major banks follow with similar MCLR reductions in the coming days
Also reported by: Economic Times
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