HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by up to 5 basis points (bps) for certain tenures. This will benefit those borrowers whose loans are linked to this system. One basis point is one hundredth of one percentage point. According to the information available on the official website of the bank, the new MCLR rates of HDFC Bank have come into effect from April 7, 2026. After this change, HDFC Bank’s MCLR rates now range between 8.10 percent to 8.55 percent depending on the loan tenure. Earlier, HDFC Bank’s MCLR rates were in the range of 8.15 percent to 8.55 percent.
These are the fresh lending rates of HDFC Bank
The bank has changed its MCLR for certain short tenors, while keeping the rates for most medium and long tenors the same. Overnight and one month MCLR have been reduced to 8.10 per cent from 8.15 per cent, while three month MCLR has been reduced to 8.20 per cent from 8.25 per cent, a cut of 0.5 per cent. However, MCLR rates for six months, one year, two years and three years remain unchanged at 8.35 per cent, 8.35 per cent, 8.45 per cent and 8.55 per cent respectively.
| Duration | MCLR rates |
| overnight | 8.10% |
| 1 month | 8.10% |
| 3 months | 8.20% |
| 6 months | 8.35% |
| 1 year | 8.35% |
| 2 years | 8.45% |
| 3 year | 8.55% |
MCLR Rate Comparison (Old vs New)
| Duration | old mclr | New MCLR | shift |
| overnight | 8.15% | 8.10% | 0.05% |
| 1 month | 8.15% | 8.10% | 0.05% |
| 3 months | 8.25% | 8.20% | 0.05% |
| 6 months | 8.35% | 8.35% | no changes |
| 1 year | 8.35% | 8.35% | no changes |
| 2 years | 8.45% | 8.45% | no changes |
| 3 year | 8.55% | 8.55% | no changes |
What is MCLR?
Marginal Cost of Funds-Based Lending Rate or MCLR is the minimum interest rate that a financial institution has to charge for a particular loan. This sets the lower limit of the interest rate for a loan. This rate limit remains fixed for the borrowers until anything else is said by the RBI. RBI started MCLR in 2016.
hdfc bank base rate
The current base rate of HDFC Bank is 8.80 percent, which is applicable from December 26, 2025. Effective from December 26, 2025, HDFC Bank’s benchmark PLR (BPLR) is 17.30 per cent per annum. HDFC Bank had changed the interest rates on fixed deposits (FD) from March 6, 2026. The bank is offering FD interest rates ranging from 2.75 percent to 6.50 percent to general customers and 3.25 percent to 7 percent to senior citizens. HDFC Bank has increased the interest rate on FDs with tenure of less than 3 years 1 day to 4 years 7 months by 10 basis points (bps) from 6.40 percent to 6.50 percent. For senior citizens, HDFC Bank has increased the interest rate on these FD tenures from 6.90 percent to 7 percent.