Lower EMIs ahead for these HDFC Bank loan customers
HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points (bps), which will benefit borrowers whose loans are linked to this regime. A basis point is one-hundredth of a percentage point. The revised HDFC Bank MCLR rates will be applicable from March 7, 2026, as per information available on the bank’s official website.
Following the revision, HDFC Bank's MCLR rates now range from 8.15% to 8.55 %, depending on the loan tenure. Earlier, HDFC Bank's MCLR rates were in the range of 8.25% to 8.60%, depending on the loan tenure.
Also read: HDFC Bank hikes FD interest rate: Check latest fixed deposit rates effective March 6, 2026
Latest HDFC MCLR rates
HDFC Bank’s MCLRs of many tenures are lower in March 2026 compared to the previous revision on February 7, 2026. vernight and one-month MCLRs have been trimmed by 10 basis points (bps) each, from 8.25% to 8.15%. The bank has cut the three-month MCLR by 5 bps from 8.30% to 8.25%. Similarly, the six-month and one-year tenors have been lowered by 5 basis points each, from 8.40% to 8.35%. The two-year MCLR was cut from 8.50% to 8.45%, while the bank has trimmed the three-year MCLR from 8.60% to 8.55%, reflecting a 5 basis point reduction.
HDFC Bank MCLR (applicable from March 2026)
HDFC Bank MCLR (Applicable from February 7, 2026)
Comparison of February and March MCLR
What is MCLR?
The Marginal Cost of the Fund-Based Lending Rate or MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the RBI. The RBI introduced MCLR in 2016.
HDFC Bank base rate
The current HDFC Bank base rate is 8.80%, effective from December 26, 2025.
HDFC Bank benchmark PLR
Effective December 26, 2025, HDFC Bank's benchmark PLR (BPLR) is 17.30% p.a.
HDFC Bank latest FD interest rates
HDFC Bank has revised fixed deposit interest rate effective March 6, 2026, and is offering FD interest rates from 2.75% and 6.50% to general customers from 3.25% and 7% to senior citizens. HDFC Bank has increased the FD interest rate by 10 basis points (bps) from 6.40% to 6.50% on tenures of 3 years 1 day to less than 4 years 7 months. For the same FD tenures for senior citizens FD, HDFC Bank has also increased the interest rate from 6.90% to 7%.
Following the revision, HDFC Bank's MCLR rates now range from 8.15% to 8.55 %, depending on the loan tenure. Earlier, HDFC Bank's MCLR rates were in the range of 8.25% to 8.60%, depending on the loan tenure.
Also read: HDFC Bank hikes FD interest rate: Check latest fixed deposit rates effective March 6, 2026
Latest HDFC MCLR rates
HDFC Bank’s MCLRs of many tenures are lower in March 2026 compared to the previous revision on February 7, 2026. vernight and one-month MCLRs have been trimmed by 10 basis points (bps) each, from 8.25% to 8.15%. The bank has cut the three-month MCLR by 5 bps from 8.30% to 8.25%. Similarly, the six-month and one-year tenors have been lowered by 5 basis points each, from 8.40% to 8.35%. The two-year MCLR was cut from 8.50% to 8.45%, while the bank has trimmed the three-year MCLR from 8.60% to 8.55%, reflecting a 5 basis point reduction.
HDFC Bank MCLR (applicable from March 2026)
HDFC Bank MCLR (Applicable from February 7, 2026)
Comparison of February and March MCLR
What is MCLR?
The Marginal Cost of the Fund-Based Lending Rate or MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the RBI. The RBI introduced MCLR in 2016.
HDFC Bank base rate
The current HDFC Bank base rate is 8.80%, effective from December 26, 2025.
HDFC Bank benchmark PLR
Effective December 26, 2025, HDFC Bank's benchmark PLR (BPLR) is 17.30% p.a.
HDFC Bank latest FD interest rates
HDFC Bank has revised fixed deposit interest rate effective March 6, 2026, and is offering FD interest rates from 2.75% and 6.50% to general customers from 3.25% and 7% to senior citizens. HDFC Bank has increased the FD interest rate by 10 basis points (bps) from 6.40% to 6.50% on tenures of 3 years 1 day to less than 4 years 7 months. For the same FD tenures for senior citizens FD, HDFC Bank has also increased the interest rate from 6.90% to 7%.
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