Cheaper loans and lower Interest rates Announced

Inflation is affecting everyone, but HDFC Bank has given some relief to its loan customers.

The bank has slightly reduced interest rates on certain loans, which means EMIs will now be a bit lower.

These new rates came into effect from Tuesday, April 7, 2026.

How Much Have Rates Dropped?

According to the bank’s website, the Marginal Cost of Funds-based Lending Rate (MCLR) has been reduced by 0.05% for select loans.

Now, depending on your loan tenure, interest rates have dropped from 8.15% to 8.10%.

This small change can still save borrowers some money.

Who Will Benefit?

This rate cut mainly helps people with short-term loans.

Loans with tenures from six months to three years will see a direct impact.

For example:

Overnight and one-month MCLR rates dropped from 8.15% to 8.10%.

Three-month MCLR rates went down from 8.25% to 8.20%.

Loans with six months, one year, two years, and three-year tenures remain unchanged.

This means borrowers with short-term loans will pay lower EMIs, while those with long-term loans will not see any change.