HDFC Bank hikes lending rates by up to 15 bps

8 May 2023 , 02:57 AM

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%