The Economic Times

Borrower alert: HDFC Bank reduces MCLR on short-term tenures, increases 3-year rate

HDFC Bank has adjusted its lending rates. Effective May 7, 2026, some loan tenures will see a reduction of up to 5 basis points. However, one tenure will experience a 5 basis point increase. These changes impact borrowers with loans linked to the MCLR regime. The bank's MCLR rates now range from 8.05% to 8.60%.