HDFC Bank Loan Interest Rates: As the largest private sector bank in the country, HDFC Bank has just made an important announcement. They’ve raised the marginal cost of funds based lending rates (MCLR), which is essentially the funds based interest rate. With this move from HDFC, it’s clear that the loan interest rates tied to this MCLR will go up.
However, it’s worth noting that not all tenures have seen an increase in interest rates; only selected ones have been affected. Even so, the increase is by 5 basis points. The bank has stated that the new revised interest rates will take effect from February 7, 2026. Despite the RBI recently cutting repo rates multiple times, this time they decided against it, keeping the repo rate steady at 5.25 percent.
Following the interest rate revision, HDFC Bank’s MCLR rates now range from 8.25 percent to 8.60 percent, up from the previous range of 8.25 percent to 8.55 percent. The MCLR for a three-year tenure has also been raised by 5 basis points, moving from 8.55 percent to 8.60 percent. The overnight and one-month MCLR rates are currently at 8.25 percent, while the 3-month and 6-month MCLR rates are set at 8.30 percent and 8.40 percent, respectively.
For the one-year tenure MCLR, which is primarily linked to consumer loans, the rate is now 8.40 percent at this bank. The two-year tenure MCLR stands at 8.50 percent, and the three-year tenure MCLR remains at 8.60 percent. MCLR represents the minimum interest rate that banks can charge on loans, and they are prohibited from offering loans at rates lower than this. The RBI introduced it in 2016 to ensure that all banks adhere to a consistent policy.
When it comes to other loan rates, the base rate at HDFC Bank is 8.80 percent. This is effective from December 26, 2025. HDFC Bank’s benchmark PLR is 17.30 percent. When it comes to HDFC Bank’s fixed deposit interest rates, they range from 2.75 percent to 6.45 percent for general public deposits with a minimum tenor of one week to a maximum ten years. For senior citizens, they range from 3.25 percent to a maximum of Rs. 6.95 percent. The highest interest rate is applicable on deposits with a tenure of 18 months to three years. These rates have not changed since December 17.
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Sweta Mitra
Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...
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