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

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

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.

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

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 ...

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.

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

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 ...

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

Previously, HDFC Bank increased the MCLR by 25 basis points on May 7, 2022. The overnight MCLR is now 7.50 per cent, up from 7.15 per cent earlier, according to the private lender's website.

Karnataka Bank cuts one year MCLR to 8.75 pct w.e.f. Nov 1‍ By Reuters October 31, 20176:21 AM PDTUpdated October 31, 2017 ...