New Delhi, Sept. 8 -- HDFC Bank has lowered its Marginal Cost of Funds-based Lending Rates (MCLR) by 5-10 basis points across all seven listed tenures, a move that could reduce borrowing costs for customers with loans linked to the benchmark.
The revised rates took effect on September 7, 2026. Following the latest revision, the bank's MCLR now ranges between 7.90 per cent and 8.60 per cent, compared with 8 per cent to 8.65 per cent in August.
The largest reduction has been announced for the overnight, one-month, three-month and two-year tenures, each of which has been cut by 10 basis points. The six-month, one-year and three-year rates have been reduced by 5 basis points each.
Under the revised structure, HDFC Bank's overnight and one-mo...