HDFC Bank has hiked its marginal cost of funds-based lending rates (MCLR) by 5-15 basis points (bps) on select tenors. These rates are effective from May 8, 2023 as updated on HDFC Bank’s website.
HDFC Bank loan interest rates:
As per bank’s website, the overnight MCLR is now 7.95%. The MCLR for one month is 8.10% and the three-month and six-month MCLRs will be 8.40% and 8.80%. The one-year MCLR, which is connected to many consumer loans, will now be 9.05%, the two-year MCLR will be 9.10%, and the three-year MCLR will be 9.20%.
|
Effective Date: May 08 , 2023 |
|
|
Tenor |
MCLR |
|
Overnight |
7.95% |
|
1 Month |
8.10% |
|
3 Month |
8.40% |
|
6 Month |
8.80% |
|
1 Year |
9.05% |
|
2 Year |
9.10% |
|
3 Year |
9.20% |
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