HDFC Bank, the country’s largest private sector bank, has given a big blow to its customers. The bank has increased its Marginal Cost Based Lending Rates ie MCLR and increased it by 0.15 percent.
The bank has increased the MCLR on certain fixed tenure loans and has also implemented these increased rates from today.
Which tenure loan interest rates have increased
HDFC Bank has increased its MCLR by 0.15 percent or 15 basis points. According to the official website of the bank, the MCLR of HDFC Bank’s overnight tenure loan has increased from 7.80 per cent to 7.95 per cent. The MCLR of one month loan has increased from 7.95 per cent to 8.10 per cent.
Know MCLR of other loans
HDFC’s three-month loan rate has increased to 8.40 percent at this time and the six-month loan rate has come down to 8.80 percent at this time. Apart from this, the rate of one year HDFC MCLR has increased from 8.95 percent to 9.05 percent at this time.
