HDFC Bank MCLR: The country’s largest private sector bank HDFC has given gifts to crores of customers. HDFC Bank has reduced MCLR. MCLR has been cut by 0.10 per cent on all periods. The EMI of home, car and personal loan is reduced due to decrease in MCLR. HDFC has cut MCLR after the Reserve Bank of India cut the repo rate by 0.50 per cent.
HDFC Bank reduced MCLR
Home, car and personal loan interest is fixed on the basis of MCLR. HDFC has reduced MCLR by 0.10 per cent on all periods. The new MCLR rate of HDFC Bank has come into force today from 7 June 2025.
| Pirad | New MCLR (7 June 2025) | Old mclr |
| Ovnight | 8.90% | 9.00% |
| One month | 8.90% | 9.00% |
| Three months | 8.95% | 9.05% |
| Six months | 9.05% | 9.15% |
| 1 year | 9.05% | 9.15% |
| 2 years | 9.10% | 9.20% |
| 3 year | 9.10% | 9.20% |
(Source – HDFC Bank Website)
HDFC Bank’s new MCLR rates – applicable from 7 June 2025
HDFC Bank’s overnight MCLR has been increased from 9.00 per cent to 8.90 per cent. One month MCLR has come down from 9.00 per cent to 8.90 per cent. The rate of three months has come down to 8.95 percent. It was earlier 9.05 percent. The rate of six months and one year has come down from 9.15 percent to 9.05 percent. The thirty -year MCLR has been from 9.20 percent to 9.10 percent.
Mclr
Whenever a bank changes its MCLR (marginal cost of funds based lending rate), it has a direct impact on the loan whose interest rate is floating, such as a home loan, personal loan and car loan. If the bank increases MCLR, your EMI also increases as the interest rate increases. On the other hand, if the MCLR decreases, the EMI decreases and new loans are also cheap.
How is MCLR decided?
Banks take into account many things to decide the MCLR, such as interest rates on deposits, repo rates, operational costs and CRR (Cash Reserve Ratis). When the RBI changes the repo rate, it also affects the MCLR. If the repo rate decreases, banks can reduce MCLR, making the loan cheaper. But if the repo rate increases, MCLR also increases and loans become expensive.
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