HDFC Bank MCLR Home Loan Interest Rate : The country’s largest private sector bank, HDFC Bank, has provided relief to crores of its customers. HDFC Bank has reduced the MCLR by 0.05 percent. However, the bank has made this reduction for overnight, one month and three month periods. The Reserve Bank of India (RBI) had reduced the repo rate from 5.50% to 5.25% in December 2025 last year. Since then, many banks have reduced the interest rates on home loans and FDs.
This is the second time HDFC Bank has reduced its MCLR following the RBI’s cut. This reduction will directly benefit those whose loans are linked to MCLR, RLLR, or RBLR. Lowering MCLR also lowers home loan rates.
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HDFC Bank reduced MCLR
HDFC Bank has reduced its MCLR rates by 5 basis points. The MCLR range is between 8.25% and 8.55%, down from 8.30% and 8.60% previously. This benefit will be available to customers whose home loans or other retail loans are linked to the MCLR.
What is MCLR?
MCLR is the minimum interest rate below which a bank cannot lend to a customer. This means that banks determine loan interest rates based on this rate. This system was introduced by the RBI in 2016 to ensure transparent interest rates and benefit customers.