HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 10 basis points. The revised rates will take effect from 7 September 2026.
Borrowers whose loans are linked to the MCLR regime stand to benefit from lower interest costs as a result of the cut.
The bank did not specify the exact tenures affected or the new rate levels in the disclosure, but noted that the adjustment applies to certain MCLR-linked loans.
What this means for borrowers
Those with loans priced on the MCLR framework may experience relief in their interest payments due to the reduction.
