HDFC Bank Reduces MCLR by up to 0.15%
On May 7, 2025, HDFC Bank, the largest private sector bank in India, reduced its MCLR (Marginal Cost of Funds Based Lending Rate) by 0.10% to 0.15%. This reduction will lower the EMI (Equated Monthly Installments) for home, car, and personal loans. Following the RBI’s two cuts in the repo rate, many banks, including HDFC, … Read more