MCLR
HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI
HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.
2 min read7 Jul 2026HDFC Bank raises MCLR by up to 10 bps across tenors — Check latest lending rates here
HDFC Bank's MCLR has increased by up to 10 basis points as of June 8, 2026. Check latest lending rates here.
2 min read9 Jun 2026Canara Bank hikes MCLR rate by 5 bps — Here's a look at how this impacts your auto, home and personal loan repayments
Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.
2 min read13 May 2026Canara Bank hikes MCLR lending rates; Bank of Baroda keeps rates unchanged — check details
Canara Bank MCLR hike by 5 bps may raise EMIs on floating-rate loans like home, auto and personal loans, while Bank of Baroda keeps rates unchanged, impacting borrowers linked to MCLR resets from 12 May 2026.
2 min read13 May 2026Punjab National Bank slashes MCLR by 5 bps to ease borrowing costs
Punjab National Bank has reduced its MCLR by 5 basis points on various loan tenors effective July 1, 2025, providing relief to borrowers amidst rising interest rates.
2 min read4 Jul 2025RBI rate cut impact: Bank of Baroda, HDFC Bank reduce lending rate by up to 50 bps, 10 bps
Earlier on Friday, the RBI cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy.
1 min read9 Jun 2025How Shaktikanta Das is fixing the problem of wayward bank interest rates
The RBI action came after years of nudging banks which were reluctant to pass on rate cuts to borrowers but were quicker to pass on rate hikes. Similarly, banks would delay raising deposit rates when RBI hiked the repo rate, but reduce it soon after an RBI rate cut.
4 min read5 Jul 2024MCLR: What is it and why is preferred over the base interest rate for loan EMIs?
The MCLR, which was introduced in 2016, is the lowest rate at which banks may lend to their clients. Read on to learn more about its advantages and calculation.
2 min read11 Jul 2022Punjab National Bank slashes MCLR by 5 bps to ease borrowing costs
Punjab National Bank has reduced its MCLR by 5 basis points on various loan tenors effective July 1, 2025, providing relief to borrowers amidst rising interest rates.
2 min read4 Jul 2025RBI rate cut impact: Bank of Baroda, HDFC Bank reduce lending rate by up to 50 bps, 10 bps
Earlier on Friday, the RBI cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy.
1 min read9 Jun 2025Wait for it…
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