spot_img
Sunday, June 26, 2022
No menu items!
More
    spot_img
    HomeBusinessHDFC Bank hikes MCLR by 35 basis points

    HDFC Bank hikes MCLR by 35 basis points

    -

    Money & Banking

    For borrowers, the increased rate will lead to costlier EMIs

    The country’s largest private sector lender HDFC Bank has hiked its marginal cost of funds-based lending rates (MCLR) by 35 basis points across all tenors.

    The new rates are effective from Tuesday and comes just ahead of the Reserve Bank of India’s monetary policy announcement on Wednesday when another round of rate hike is expected.

    According to HDFC Bank’s website, overnight MCLR is now at 7.5 per cent while the one year MCLR is at 7.85 per cent. The three-year MCLR stands revised to 8.05 per cent.

    The increased rate will lead to costlier EMIs for borrowers.

    Published on June 07, 2022

    You May Also Like

    Recommended for you

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,364FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts