HDFC Bank MCLR: The country’s largest private sector bank HDFC has given a gift to crores of customers. HDFC Bank has reduced the MCLR. MCLR has been reduced by 0.10 percent on all periods. Due to the reduction in MCLR, the EMI of home, car and personal loans decreases.
HDFC Bank MCLR: The country’s largest private sector bank HDFC has given a gift to crores of customers. HDFC Bank has reduced MCLR. MCLR has been reduced by 0.10 percent on all periods. Due to reduction in MCLR, EMI of home, car and personal loans is reduced. After the Reserve Bank of India cut the repo rate by 0.50 percent, HDFC has reduced MCLR.
HDFC Bank reduced MCLR
The interest on home, car and personal loans is decided on the basis of MCLR. HDFC has reduced MCLR by 0.10 percent on all periods. The new MCLR rate of HDFC Bank has come into effect from today, June 7, 2025.
HDFC Bank MCLR
| Period | New MCLR (7 June 2025) | Old MCLR |
| Ovenite | 8.90% | 9.00% |
| one month | 8.90% | 9.00% |
| Three Months | 8.95% | 9.05% |
| Six Months | 9.05% | 9.15% |
| 1 year | 9.05% | 9.15% |
| 2 years | 9.10% | 9.20% |
| 3 year | 9.10% | 9.20% |
HDFC Bank New MCLR Rates – Effective from 7th June 2025
HDFC Bank’s overnight MCLR has been reduced from 9.00% to 8.90%. One month MCLR has been reduced from 9.00% to 8.90%. Three month rate has been reduced to 8.95%. It was earlier 9.05%. Six month and one year rate has been reduced from 9.15% to 9.05%. Thirty year MCLR has been reduced from 9.20% to 9.10%.
Effect of increasing or decreasing MCLR
Whenever a bank changes its MCLR (Marginal Cost of Funds Based Lending Rate), it directly affects those loans whose interest rate is floating, such as home loans, personal loans and car loans. If the bank increases the MCLR, your EMI also increases because the interest rate becomes higher. On the other hand, if the MCLR decreases, the EMI decreases and new loans also become cheaper.
How is MCLR decided?
To determine MCLR, banks take into account several factors such as interest rates on deposits, repo rate, operational costs and CRR (cash reserve ratio). When RBI changes the repo rate, it also affects MCLR. If the repo rate decreases, banks can reduce MCLR which makes loans cheaper. But if the repo rate increases, MCLR also increases and loans become expensive.
