HDFC Bank Raises Lending Rates Following RBI Repo Hike

HDFC Bank increased its Marginal Cost of Funds-based Lending Rates (MCLR) across all tenures effective November 7, 2026. The revisions range from 5 to 15 basis points, bringing the overall rate range to between 7.85% and 8.70%.

The most significant increases of 15 basis points apply to the six-month, one-year, two-year, and three-year tenures. This adjustment follows a decision by the Reserve Bank of India to raise the repo rate by 25 basis points to 5.50 percent on October 7.

These changes impact borrowers with floating-rate home, personal, and vehicle loans linked to the MCLR. Depending on the specific loan reset date and benchmark rate, customers may face higher Equated Monthly Installments (EMIs) or extended loan tenures. Loans linked to external benchmarks remain unaffected by this specific revision.