SynopsisIn a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.ET OnlineHDFC Bank trims lending rates on select tenuresHDFC Bank has lowered its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures by up to 5 basis points (bps), which will give relief to 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 August 7, 2026, according to the information available on the bank's official website.Following the revision, HDFC Bank's MCLR rates now range from 8% to 8.65%, depending on the loan tenure.Before you continue readingHow financially free are you?Most people overestimate their financial freedom. Discover your Financial Freedom score through a quick surveyLatest HDFC Bank MCLRThe bank has trimmed its overnight and 1-month MCLR from 8.05% to 8.00%. The 3-month MCLR has declined from 8.20% to 8.15%, while the 6-month MCLR has fallen from 8.35% to 8.30%.The 1-year MCLR is down from 8.45% to 8.40%, and the 3-year MCLR has decreased from 8.70% to 8.65%. The 2-year MCLR, however, remains unchanged at 8.55%.HDFC Bank MCLR rates in AugustOvernight: 8.00%1 Month: 8.00%3 Month: 8.15%6 Month: 8.30%1 Year: 8.40%2 Year: 8.55%3 Year: 8.65%HDFC Bank MCLR rates in JulyOvernight: 8.05%1 Month: 8.05%3 Month: 8.20%6 Month: 8.35%1 Year: 8.45%2 Year: 8.55%3 Year: 8.70%Comparing HDFC MCLR (August vs July 2026)TenorJuly MCLRAugust MCLRChangeOvernight8.05%8.00%-0.05%1 Month8.05%8.00%-0.05%3 Month8.20%8.15%-0.05%6 Month8.35%8.30%-0.05%1 Year8.45%8.40%-0.05%2 Year8.55%8.55%0.00%3 Year8.70%8.65%-0.05%What is the MCLR?The 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 rateHDFC Bank has revised its base rate to 8.70%, effective June 24, 2026. Earlier, the bank's base rate stood at 8.80%.HDFC Bank benchmark PLREffective June 24, 2026, HDFC Bank revised its Benchmark Prime Lending Rate (BPLR) to 17.20% per annum. Earlier, the bank's BPLR was 17.30% per annum.HDFC Bank’s latest FD interest ratesThe bank is offering FD interest rates from 2.75% to 6.50% to general customers and from 3.25% to 7% to senior citizens. Tenure Bucket< 3 Crore Interest Rate (per annum)**Senior Citizen Rates (per annum)7 - 14 days2.75%3.25%15-29 days2.75%3.25%30-45 days3.25%3.75%46-60 days4.25%4.75%61-89 days4.25%4.75%90 days <= 6 months4.25%4.75%6 months 1 day <=9 months5.50%6.00%9 months 1 day to < 1 Year 5.75%6.25%1 Year to < 15 months6.25%6.75%15 months to < 18 months6.35%6.85%18 months to < 21 months6.45%6.95%21 months to 2 years6.45%6.95%2 Years 1 day to < 2 Year 11 Months6.45%6.95%2 Years 11 Months (35 months)6.45%6.95%2 Years 11 Months 1 day <= 3 Year6.45%6.95%3 Years 1 day to < 4 Years 7 Months6.50%7.00%4 Year 7 Months (55 months)6.40%6.90%4 Year 7 Months 1 day <=5 Years6.40%6.90%5 Years 1 day to 10 Years6.15%6.65%">Tenure Bucket < 3 Crore Interest Rate (per annum) **Senior Citizen Rates (per annum) 7 - 14 days 2.75% 3.25% 15-29 days 2.75% 3.25% 30-45 days 3.25% 3.75% 46-60 days 4.25% 4.75% 61-89 days 4.25% 4.75% 90 days <= 6 months 4.25% 4.75% 6 months 1 day <=9 months 5.50% 6.00% 9 months 1 day to < 1 Year 5.75% 6.25% 1 Year to < 15 months 6.25% 6.75% 15 months to < 18 months 6.35% 6.85% 18 months to < 21 months 6.45% 6.95% 21 months to 2 years 6.45% 6.95% 2 Years 1 day to < 2 Year 11 Months 6.45% 6.95% 2 Years 11 Months (35 months) 6.45% 6.95% 2 Years 11 Months 1 day <= 3 Year 6.45% 6.95% 3 Years 1 day to < 4 Years 7 Months 6.50% 7.00% 4 Year 7 Months (55 months) 6.40% 6.90% 4 Year 7 Months 1 day <=5 Years 6.40% 6.90% 5 Years 1 day to 10 Years 6.15% 6.65%RESIDENT CUSTOMERS:Click here to book a deposit new way, using your mobile no. Click here to book a deposit via NetBanking > Accounts > TransactNRI CUSTOMERS:New customers: Click here to talk to our Executive!! Existing customers: Click here to book a deposit online through NetBanking!!">RESIDENT CUSTOMERS: (Join our ETWealth WhatsApp channel for all the latest updates)...more
<b>Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest list</b> - The Economic Times
In a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.
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