HDFC bank Image Credit source: File Photo
If you have also taken a car or personal loan from the country’s largest private bank ‘HDFC Bank’, then it is possible that now you will have to pay more interest than before. The bank has changed the MCLR. The interest rates of most of the bank’s retail loans are affected by the increase in MCLR, because on the basis of this rate, the interest of the bank’s retail loan etc. is decided.
HDFC Bank has increased the MCLR by 0.15 percent. The new interest rates have come into effect from June 7 only. This will affect the interest rates of loans of different tenures of the bank. The bank has clearly said that this increase in MCLR will not affect the customers taking home loans. Rather, it will be on the old customers of other loans linked to MCLR along with car and personal loans.
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hdfc bank new loan interest rate
The bank has changed the MCLR for different periods in different ways. It is maximum 0.15 percent and minimum 0.05 percent. Let us know for which period the MCLR is now.
- Now the MCLR of overnight loan will increase by 0.15 percent to 8.10 percent.
- MCLR has been increased by 0.10 percent to 8.20 percent on one month loan.
- The MCLR for three months loan has now become 8.50 percent, for this the MCLR has been increased by 0.10 percent.
- From now on, the MCLR will be 0.05 percent higher for loans with a tenure of 6 months. It will now be 8.85 percent.
- The bank has not made any change in MCLR for loans with a tenure of one year or more.
- MCLR on one year loan will now be 9.05 percent, 9.10 percent for 2 years and 9.20 percent for 3 years.
HDFC Bank had earlier changed the MCLR in May as well. Then the bank had increased the MCLR by up to 0.15 percent for some selective term loans.
Source: www.tv9hindi.com”