HDFC Bank raises MCLR by 5 bps for select tenures, effective …
WEB10 hours ago · HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) on select tenures, effective October 7. Consequently, HDFC Bank’s MCLR now ranges from 9.10 per cent to 9.50 per cent, according to its website. The bank has raised the MCLR in two tenures – six ...
HDFC Bank hikes loan interest rates by 5 bps on these two tenures
WEB14 hours ago · HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) on two tenures by up to 5 basis points (bps) for tenures. After the revision, HDFC Bank MCLR interest rates will now range between 9.10% and 9.45%. The rates are applicable from October 7, 2024. Festive offers 2024 on loans, FDs, credit card spends: ICICI Bank, SBI ...
HDFC Bank increases MCLR rates on two tenures: Borrowing
WEB11 hours ago · This adjustment brings the bank's MCLR interest rates to a range of 9.10% to 9.50%, potentially impacting borrowing costs for consumers. 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 …
HDFC Bank loan rates up by... - See details - ET Now
WEB3 hours ago · The current rates are as follows: the overnight rate is 9.10%, and the one-month rate is 9.15%. Additionally, the bank offers a 3-month term at 9.30%. The new 6-month MCLR is now set at 9.45%, up from the previous 9.40%. Notably, the one-year MCLR, which is applicable for many consumer loans, has also risen to 9.45%.
HDFC Bank Hikes Loan Rates for Select Tenures By Up to 5 Basis
WEB11 hours ago · HDFC Bank has raised its marginal cost of funds-based lending rates (MCLR) by up to 5 basis points (bps) for certain tenures, effective today. The new MCLR rates now range from 9.10% to 9.50%, which could affect borrowing costs for consumers. All lending rates at HDFC Bank are tied to the policy repo rate, currently set at 6.50%.
HDFC Bank increases MCLR by 5 bps for two tenures. Check …
WEBThe one-year MCLR, a significant benchmark for many consumer loans, remains unchanged at 9.45%. Additionally, the three-year MCLR has been raised from 9.45% to 9.50%. Other revised rates include 9 ...
After SBI, HDFC Bank, IDFC and two other lenders raise MCLR
WEBJan 9, 2024 · HDFC Bank's new MCLR will come into effect from Jan 8, 2024. Bank of Baroda: Bank of Baroda has raised its fixed interest rate on car loan to 8.80 from 8.7 percent earlier for borrowers with...
Quixplained: What the hike in MCLR means for you
WEBApr 22, 2022 · State Bank of India (SBI), India’s largest commercial bank, on Monday, raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signalling that the soft rates regime that has prevailed since 2019 may be over. Why is there a hike in MCLR? How does it affect you? What should be done? Take a look:
SBI raises MCLR by 10 bps across tenors | Business News - The …
WEBAug 14, 2024 · State Bank of India (SBI) raised the marginal cost of lending rate (MCLR) by 10 basis points (bps) across all tenors, effective today. The increase in MCLR by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 per cent.
Press Releases - Reserve Bank of India
WEBSep 30, 2024 · The share of External Benchmark based Lending Rate (EBLR) linked loans in total outstanding floating rate rupee loans of SCBs was 57.5 per cent at end-June 2024 (56.6 per cent at end-March 2024), while that of MCLR linked loans was 38.6 per cent (39.2 per cent at end- March 2024). 1. Deposit Rates: