Loan News: Amidst Rising Inflation, This Bank Lowers Loan Costs, Offering Attractive Discounts on Interest Rates

Across the country, everyone is grappling with the burden of inflation. Amidst this scenario, HDFC Bank has offered some relief to its borrowers. Specifically, HDFC Bank has made slight adjustments to its interest rates—a move that will have a direct impact on EMIs. The bank has lowered lending rates for loans with various tenures. These new rates came into effect on Tuesday, April 7, 2026.

How Much Were Rates Reduced?

According to information provided on the bank's website, the MCLR (Marginal Cost of Funds Based Lending Rate) has been reduced by 0.05% on select loans. This reduction is expected to benefit borrowers whose loans are linked to this rate. Following the MCLR cut, HDFC Bank's lending rates—depending on the loan tenure—have decreased from 8.15% to 8.10%. The applicable rate depends on the specific tenure of your loan.

Benefits for Short-Term Loans

Following this revision by the bank, borrowers with loan tenures ranging from six months to three years will benefit directly. However, those who have taken out long-term loans will not receive any benefit from this change. Specifically, the overnight and one-month MCLR rates have been lowered from 8.15% to 8.10%. The three-month MCLR has decreased from 8.25% to 8.20%. Meanwhile, the MCLR rates for six-month, one-year, two-year, and three-year tenures remain unchanged.

Tenure Old MCLR (%) New MCLR (%) Change

Overnight	8.15	8.10	↓ 0.05%
1 Month	8.15	8.10	↓ 0.05%
3 Months	8.25	8.20	↓ 0.05%
6 Months	8.35	8.35	No Change
1 Year	8.35	8.35	No Change
2 Years	8.45	8.45	No Change
3 Years	8.45	8.45	No Change

It is worth noting that, as a result of this revision, the EMIs for borrowers with loan tenures ranging from overnight up to three months will also change. They will now be required to pay lower EMIs corresponding to their respective loans. However, this change does not apply to borrowers holding long-term loans.