Private sector lender HDFC Bank has hiked its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) on six-month and one-year tenure to 9.45 per cent and 9.50 per cent, respectively, making loans costlier for borrowers of the bank. The lender has left MCLR on other tenures unchanged, in the range of 9.10 per cent-9.50 per cent.

With the change, the HDFC Bank's MCLR interest rates are in the range of 9.10% to 9.50%, potentially impacting borrowing costs for customers.

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

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) by 5 basis points for certain tenures. The new rates are effective from

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) on two tenures by up to 5 basis points (bps). As a result, HDFC Bank's MCLR interest rates will now range from 9.10% to 9.

The Marginal Cost of the Fund-Based Lending Rate (MCLR) represents the lowest interest rate that a financial institution must impose on a specific loan. Following the update, HDFC Bank's MCLR interest rates will vary from 9.

HDFC Bank has announced a rise in its marginal cost of funds-based lending rates (MCLR) for two specific tenures, effective October 7, 2024. The adjustment sees an increase of up to 5 basis points (bps),

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.