HDFC Bank raises MCLR by 5-15 bps across all tenures: Check new lending rates and what they mean for your loan EMIs

HDFC Bank has raised its MCLR by 5–15 basis points across all seven tenures, effective November 7. Check new rates here.

Private-sector lender HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) by 5-15 basis points across all seven tenures, with the revised rates effective from Saturday, November 7.

Following the latest revision, the bank's MCLR rates range from 7.85% to 8.70%, compared with 7.75% to 8.55% earlier.

The hike comes nearly a month after the Reserve Bank of India (RBI) raised its policy repo rate by 25 basis points from 5.25% to 5.50% on October 7, 2026.

MCLR rates are revised periodically by banks based on changes in their funding costs and repo rate set by RBI's monetary policy committee.

HDFC Bank's latest lending rates

One basis point is equal to one-hundredth of a percentage point. The hike in HDFC Bank's lending rates is steeper for longer-duration tenures, with the six-month, one-year, two-year and three-year MCLR rising by 15 bps each.

According to the revised interest rates published on HDFC Bank's official website, the lender has raised its MCLR across all seven tenures. Check the latest lending rates in the table given below:

What is MCLR?

MCLR rate is the internal benchmark set by banks to determine minimum lending rates, as mandated by the Reserve Bank of India (RBI). Introduced in April 2016, MCLR replaced the older base rate system with an aim to make interest rate transmission more transparent and market-linked.