HDFC Bank raises MCLR by 15 bps across all tenures
In short
HDFC Bank has increased MCLR rates by 15 basis points across all tenures from November 7. The change can make loans linked to MCLR more expensive.
Home and personal loan borrowers may have to pay more interest. That affects monthly payments for customers with these loans.
What the reporting says
HDFC Bank has raised its MCLR by 15 basis points across all tenures, with the hike taking effect from November 7. The move means home and personal loan borrowers may face higher interest costs on loans linked to the benchmark. The update affects borrowing costs for customers tied to the bank’s MCLR pricing.
Why it matters
HDFC Bank has increased MCLR rates by 15 basis points across all tenures, effective November 7. The change can raise borrowing costs for home and personal loan customers whose loans are linked to MCLR.