HDFC Bank cuts these lending rates by up to 15 bps; check details

HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates. This will benefit borrowers with loans linked to this benchmark. The bank has lowered the MCLR by up to 15 basis points on select loan tenures. The revised MCLR rates have come into effect from May 7, 2025.