HDFC Bank Lowers MCLR Rates, Bringing Relief to Millions of Borrowers In a welcome move for borrowers, HDFC Bank, India’s ...

A basis point is one-hundredth of a percentage point. So, a 5 bps cut translates into a 0.05% reduction in the lending rate.

HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points on select loan tenures, ...

The RBI has maintained the repo rate, a decision that may not immediately benefit home loan borrowers. However, with retail inflation falling to a 12-month low of 2.1% in June 2025, further rate cuts ...

If you are confused by personal finance terms, jargon, and calculations, here’s a series to simplify and deconstruct these ...

Any change in policy rates has a direct and indirect impact on home loan interest rates, which eventually hits your pocket ...

Major public sector banks including Bank of Baroda, Canara Bank, PNB, and Indian Bank have trimmed their Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points.

Bank of Baroda reduced its one-year MCLR by 10 bps to 8.15%, effective 12 February. State Bank of India (SBI) lowered MCLR by 5 bps across tenures to 7.85%.

SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 7.90 per cent for the one-year tenor, down from 8.00 per cent earlier, according ...

HDFC Bank has updated its Marginal Cost of Funds-based Lending Rates (MCLR) for August 2025, starting August 7. This change ...

The six-month MCLR has climbed from 8.30% to 8.40% up by 10 bps, while the three-month MCLR has increased by 25 bps to 8.15% from 7.90%. The bank raised the MCLR for a 1 year tenor from 8.50% to 8 ...

Should borrowers opt for an RLLR-based home loan over an MCLR-linked one? There is difference of opinion among experts regarding whether the two loan rates will be different, points out Sanjay ...