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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

Economic Times · 22d ago

HDFC Bank reduces lending rates (MCLR) for these tenures; check latest home loan, FD, base and PLR rates - The Economic Times

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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hdfc bank: Will loan EMIs drop in September as HDFC Bank, PNB, BoB and IOB cut their MCLR this month? - The Economic Times

Economic Times

Economic Times · 12d ago

hdfc bank: Will loan EMIs drop in September as HDFC Bank, PNB, BoB and IOB cut their MCLR this month? - The Economic Times

Several banks, including HDFC Bank, Bank of Baroda, and Punjab National Bank, reduced their Marginal Cost of Funds-based Lending Rates (MCLR) in September 2025, potentially lowering EMIs or loan tenures for borrowers. However, State Bank of India and IDBI Bank maintained their rates. MCLR is critical in determining interest rates for floating rate loans, although many new loans are now tied to the External Benchmark Lending Rate (EBLR).

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

Economic Times · 1m ago

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

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.

Lower loan EMIs ahead for these BoB, IOB, IDBI Bank borrowers: Here’s how much MCLR has been cut - The Economic Times

Economic Times

Economic Times · 18d ago

Lower loan EMIs ahead for these BoB, IOB, IDBI Bank borrowers: Here’s how much MCLR has been cut - The Economic Times

Several banks, including Bank of Baroda, Indian Overseas Bank, and IDBI Bank, have revised their Marginal Cost of Funds-based Lending Rates (MCLR) in September 2025. Bank of Baroda lowered the overnight and three-month MCLR, while Indian Overseas Bank reduced overnight, one-year, two-year, and three-year rates. IDBI Bank also updated its MCLR rates across various tenors. These changes could lead to lower EMIs or shorter loan tenures for borrowers depending on their loan terms.

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

Economic Times · 2m ago

Lower home loan EMIs for these bank borrowers: Bank of Baroda, Canara Bank have lowered loan rates by 5 bps - The Economic Times

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.

UCO Bank cuts MCLRs by 5 bps, hikes 10-year government securities benchmark to 6.78 pc

Economic Times

Economic Times · 19d ago

UCO Bank cuts MCLRs by 5 bps, hikes 10-year government securities benchmark to 6.78 pc

UCO Bank has reduced its marginal cost of funds-based lending rates (MCLR) by five basis points across various tenures, effective September 10. The one-year MCLR now stands at 8.90%, down from 8.95%. The bank also increased the yield on its 10-year government securities to 6.78% from 6.51%. However, repo-linked rates, base rate, and benchmark prime lending rate (BPLR) remain unchanged, as per the bank's regulatory filing.

SBI loan interest rates September 2025: Check State Bank of India’s latest home loan rates, MCLR, EBLR and RLLR here - The Economic Times

Economic Times

Economic Times · 15d ago

SBI loan interest rates September 2025: Check State Bank of India’s latest home loan rates, MCLR, EBLR and RLLR here - The Economic Times

State Bank of India (SBI), the largest public sector bank, has not changed its lending rates for September 2025, including MCLR and external benchmark-linked rates. MCLR varies between 7.90% to 8.85%, with home loan rates from 7.50% to 8.70%. The EBLR is set at 8.15% + CRP + BSP, while RLLR is 7.75% + CRP. The unchanged rates imply steady loan terms for SBI customers.

Bank of Baroda, UCO, Canara Bank marginally hike MCLR: Check details

Money Control

Money Control · 1y ago

Bank of Baroda, UCO, Canara Bank marginally hike MCLR: Check details

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.

Public vs private banks: Who offers the cheapest home loans now after RBI's 50 bps repo rate cut? - The Economic Times

Economic Times

Economic Times · 3m ago

Public vs private banks: Who offers the cheapest home loans now after RBI's 50 bps repo rate cut? - The Economic Times

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.

Up to 7.30% FD interest rate: IDBI Bank extends Utsav FD deadline to invest, revises fixed deposit interest rates, check latest FD rates - The Economic Times

Economic Times

Economic Times · 11d ago

Up to 7.30% FD interest rate: IDBI Bank extends Utsav FD deadline to invest, revises fixed deposit interest rates, check latest FD rates - The Economic Times

IDBI Bank has revised its fixed deposit rates effective September 19, 2025, affecting both regular FDs and the Utsav FD scheme. General customers earn between 3% and 6.55%, while senior citizens earn 3.50% to 7.05% on deposits under Rs 3 crore. The Utsav FD scheme deadline is extended to March 31, 2026. The bank offers special rates for tenures of 444, 555, and 700 days, with higher rates for the Chiranjeevi-Super Senior Citizen FD.

A bellwether signal? SBI hikes home loan rates by 25 basis points

Economic Times

Economic Times · 1m ago

A bellwether signal? SBI hikes home loan rates by 25 basis points

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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