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The Economic Times

Business

Sneha Kulkarni

Good news for HDFC Bank borrowers: Bank cuts lending rates across tenures by up to 10 bps; check latest list

HDFC Bank has trimmed its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures by up to 10 basis points (bps), which will give relief to borrowers whose loans are linked to this regime.

A basis point is one-hundredth of a percentage point. The revised HDFC Bank MCLR rates will be applicable from September 7, 2026, according to the information available on the bank's official website.

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