With the change, the HDFC Bank's MCLR interest rates are in the range of 9.10% to 9.50%, potentially impacting borrowing costs for customers.

HDFC Bank has announced a rise in its marginal cost of funds-based lending rates (MCLR) for two specific tenures, effective October 7, 2024. The adjustment sees an increase of up to 5 basis points (bps),

MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) by 5 basis points for certain tenures. The new rates are effective from October 7, 2024.

The Marginal Cost of the Fund-Based Lending Rate or the MCLR is the minimum interest rate that a financial institution needs to charge for a specific loan. After the revision, HDFC Bank MCLR interest rates will now range between 9.