HDFC Bank Home Loan Interest Rate: As the largest private sector bank in the country, HDFC Bank has offered relief to millions of its customers. The bank has lowered its home loan rates, which could lead to a decrease in your home loan EMI. HDFC Bank has cut the Marginal Cost of Funds Based Lending Rate (MCLR) interest rates by 0.10 percent. These rates are revised on the 7th of each month. The new rates have taken effect from November 7, 2025.
HDFC Bank reduced MCLR
Following the reduction, HDFC Bank’s MCLR rates now fall between 8.35% and 8.60%. Previously, these rates were set between 8.45% and 8.65%. This indicates a reduction of 5 to 10 basis points on loans across all tenures. Below are the new and old rates.
HDFC Bank New MCLR Rates
The bank has released new rates for different tenures.
Overnight MCLR rate: Reduced from 8.45% to 8.35%
1-month MCLR rate: Reduced from 8.40% to 8.35%
3-month MCLR rate: Reduced from 8.45% to 8.40%
6-month MCLR rate: Reduced from 8.55% to 8.45%
1-year MCLR rate: Reduced from 8.55% to 8.50%
2-year MCLR rate: Reduced from 8.60% to 8.55%
3-year MCLR rate: Reduced from 8.65% to 8.60%
What is MCLR?
MCLR stands for the minimum interest rate at which a bank can lend to its customers. This rate establishes the minimum interest rate limit for loans. The RBI introduced the MCLR system in 2016 to enhance transparency in interest rates and safeguard customer interests.
Home Loan Rates
HDFC Bank’s home loans are tied to the repo rate. According to the bank’s website, home loan interest rates for both salaried and self-employed individuals range from 7.90% to 13.20%. The bank determines this rate based on the RBI’s policy repo rate plus an additional 2.4% to 7.7%.
Base Rate and BPLR
Currently, HDFC Bank’s base rate stands at 8.90%, effective from September 19, 2025. The bank’s benchmark prime lending rate (BPLR) is 17.40% per annum.