HDFC Bank Provides Relief To Customers, Reduces MCLR
HDFC Bank gives customers a big relief. The Bank reduced the home loan interest. With this, reduce your EMI of the home loan. HDFC Bank cut 0.10% on the Marginal cost of funds-based landing rate. Every 7th date of the month, the bank changes the MCLR interest rate.
Now, this rate has been issued on 7th Nov 2025. HDFC Bank’s MCLR rate now ranges from 8.35% to 8.65%. Before this rate ranges from 8.65% to 8.65%.
What is MCLR: The MCLR is the minimum interest rate at which a bank can lend to a customer. This rate determines the minimum interest rate applicable to a loan.
What will be the impact on home loan rates: HDFC Bank’s home loans are linked to the repo rate. According to the bank’s website, home loan interest rates for salaried and self-employed customers range from 7.90% to 13.20%. The bank sets these rates based on the RBI’s policy repo rate + 2.4% to 7.7%. Base Rate and BPLR – HDFC Bank’s base rate is currently 8.90%, effective September 19, 2025. The bank’s benchmark prime lending rate (BPLR) is 17.40% per annum.
