HDFC Bank adjusts loan rates for short and long tenures
after close1 source ↓written by the desknot a recommendation
- 5 basis points
- rates
- 8.05%
- increased
- 3-year MCLR
- 8.60%
HDFC Bank has lowered its MCLR for short-term loans by up to 5 basis points, with overnight and 1-month rates now at 8.05%. However, the 3-year MCLR increased by 5 basis points to 8.60%, impacting longer-term loans. This strategy aims to attract short-term borrowers while managing costs for longer tenures.
Not investment advice. For informational purposes only.