HDFC Bank: The country’s largest private sector bank HDFC Bank has given good news to its crores of customers before Navratri. HDFC Bank has reduced the interest rates on loans. The bank has reduced the MCLR by 0.05 percent. This reduction has been done at some time period. MCLR is directly linked to the loan rates.
HDFC Bank: The country’s largest private sector bank HDFC Bank has given good news to its crores of customers before Navratri. HDFC Bank has reduced the interest rates of loans. The bank has reduced MCLR by 0.05 percent. This reduction has been done on some time period. MCLR is directly linked to the loan rates. The bank cannot give any loan at less than MCLR rates. If the bank reduces MCLR, then the loan rates will automatically decrease. Customers will get direct benefit from this.
HDFC Bank reduced MCLR
HDFC Bank has not made any change in overnight, one month, three months and three year MCLR. The bank has reduced 0.05 percent in six month, one year and two year MCLR. Due to reduction in MCLR, EMI of home, car and personal loans decreases.
HDFC Bank MCLR – September 2025 period
| period | New MCLR (September 8, 2025) | Old MCLR (7 August 2025) |
| Ovenite | 8.55% | 8.55% |
| one month | 8.55% | 8.55% |
| Three Months | 8.60% | 8.60% |
| Six Months | 8.65% | 8.70% |
| 1 year | 8.65% | 8.70% |
| 2 years | 8.70% | 8.75% |
| 3 year | 8.75% | 8.75% |
The six-month rate has been reduced from 8.70% to 8.65%. One-year MCLR has been reduced from 8.70% to 8.65%. 2-year MCLR has been reduced from 8.75% to 8.70%, while the bank has not made any changes in the three-year MCLR.
What happens when MCLR decreases?
Whenever a bank changes its MCLR i.e. Marginal Cost of Funds Based Lending Rate, it directly affects those loans whose interest rate is floating, such as home loan, personal loan and car loan. If the bank increases MCLR, then your EMI or EMI time period increases. Because the interest rate increases.
How is MCLR decided?
To determine MCLR, the bank decides the interest rates on deposits based on the repo rate, operational cost and CRR (cash reserve ratio). When RBI changes the repo rate, it also affects the MCLR.
