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HDFC Bank reduces lending rates (MCLR) for these tenures; check latest home loan, FD, base and PLR rates - The Economic Times
Economic Times
·
2d ago
Medial
HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points on certain loan tenures, benefiting borrowers with MCLR-linked loans. The new rates range from 8.55% to 8.75%, depending on the loan duration. Additionally, HDFC Bank's home loan interest rates vary between 7.90% and 13.20%, while fixed deposit rates for general citizens range from 2.75% to 6.60%. The base rate is maintained at 9.35%.
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Home loan EMIs to drop? Big banks like SBI, HDFC Bank, PNB, Bank of Baroda, IOB cut lending rates in August 2025; check bank wise list - The Economic Times
Economic Times
·
22d ago
Medial
Several major banks, including SBI, HDFC, and PNB, have revised their marginal cost of funds-based lending rates (MCLR) following the RBI's August 2025 monetary policy meeting. These adjustments, effective in August, may lead to reduced loan tenures or lower EMIs for borrowers with MCLR-linked loans. While SBI and PNB cut rates by up to 5 basis points, Bank of Baroda reduced rates by 10-35 basis points, and Canara Bank maintained its current rates.
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Lower home loan EMIs for these bank borrowers: Bank of Baroda, Canara Bank have lowered loan rates by 5 bps - The Economic Times
Economic Times
·
1m ago
Medial
Bank of Baroda and Canara Bank have lowered their marginal cost of funds-based lending rates (MCLR) by 5 basis points for select tenures, potentially reducing EMIs for borrowers with floating-rate loans. This rate adjustment will primarily affect overnight and short-term MCLRs. Additionally, other banks like HDFC Bank, Punjab National Bank, and Indian Bank have also announced MCLR reductions, contributing to a broader trend of declining lending rates, offering financial benefits to borrowers.
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Bank of Baroda, UCO, Canara Bank marginally hike MCLR: Check details
Money Control
·
1y ago
Medial
Three PSU banks, Bank of Baroda, UCO Bank, and Canara Bank, have announced a marginal increase in their lending rates across various tenures. Bank of Baroda's MCLR (Marginal Cost of Funds Based Lending Rate) will change from August 12, with a 5 basis point increase in the 3-month tenure. UCO Bank will hike its lending rates by 5 bps across different tenures starting from August 10. Canara Bank will also raise its lending rate by 5 bps for all tenures starting from August 12.
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Public vs private banks: Who offers the cheapest home loans now after RBI's 50 bps repo rate cut? - The Economic Times
Economic Times
·
2m ago
Medial
The Reserve Bank of India's latest 50 basis point repo rate cut leads to reduced home loan interest rates, potentially lowering EMIs or shortening loan tenures for borrowers. Public and private banks offer varied rates, requiring borrowers to compare fees, processing speeds, and other terms. With differences in costs and approval times between public and private banks, borrowers are encouraged to assess all aspects before committing to revised home loan agreements.
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FD rate up to 8.50%: List of banks offering above 8% to senior citizens - The Economic Times
Economic Times
·
1m ago
Medial
Many small finance banks are offering fixed deposit (FD) interest rates of 8% and above for senior citizens, as major commercial banks reduce their rates. Some of these banks include Utkarsh Small Finance Bank, Jana Small Finance Bank, and Slice Small Finance Bank, with rates reaching up to 8.50% for specific tenures. These smaller banks provide a safe investment avenue with assured returns, while deposits are insured up to Rs 5 lakhs under DICGC.
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A bellwether signal? SBI hikes home loan rates by 25 basis points
Economic Times
·
25d ago
Medial
State Bank of India (SBI) has increased home loan rates by 25 basis points for new borrowers, indicating a potential shift towards higher interest rates in India's home loan market. This rate hike primarily impacts applicants with lower credit scores. Union Bank of India has also raised its rates, with other public lenders potentially following suit. The move may signal a strategic shift from low-margin retail loans, aiming for lending segments that offer better profitability.
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Banks lure customers with lower interest rates on home loans
Money Control
·
1y ago
Medial
Banks in India, including HDFC Bank, State Bank of India (SBI), and IDFC First Bank, are offering lower interest rates on home loans for customers with good credit records. These banks are aiming to attract more customers and compete in the mortgage market. Home loans at discounted rates are being provided by banks to customers with good repayment history and credit scores. This strategy is proving successful, as SBI's home loan portfolio grew by 13.16% in the October-December quarter, and HDFC Bank's market share in home loans increased by 18-20% after merging with Housing Finance Development Corporation.
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NTPC signs $750 billion foreign currency loan
Economic Times
·
2m ago
Medial
NTPC Ltd. has secured a $750 million foreign currency loan from Bank of Baroda and HDFC Bank's IFSC Banking Units in GIFT City, Gandhinagar. This syndicated External Commercial Borrowing (ECB) facility includes a base amount of $500 million and a $250 million greenshoe option. The funds will support NTPC's capital expenditure for capacity expansion, renewable energy, FGD projects, and refinance existing ECBs. This marks HDFC Bank's first foreign loan to the company and Bank of Baroda's largest foreign currency lending.
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HDFC Bank to secure big-ticket loan to bolster women lending book
VCCircle
·
1y ago
Medial
HDFC Bank, India's largest private lender, is planning to secure a significant loan to support its lending to women borrowers, particularly microloans to self-help groups (SHGs) and joint liability groups. By collaborating with a global private equity investor, HDFC Bank aims to strengthen its women lending book and continue its sustainable livelihood initiative.
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Bank of Baroda reduces home loan interest rates to 7.45%; offers nil processing fee - The Economic Times
Economic Times
·
2m ago
Medial
Bank of Baroda has reduced its home loan interest rates to 7.45% per annum and waived the processing fee, following a repo rate cut by the RBI. This makes home loans more affordable, reflecting a series of monetary easing actions by the RBI. The reduction follows an earlier cut in June. Concurrently, Punjab National Bank increased its Repo Linked Lending Rate, although adjustments in Bank Spread balanced the overall customer impact.
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