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HDFC Bank changes MCLR from May 7 reducing some loan tenures raising the 3 year rate
Economy
Published on 7 May 2026
Short tenure rates slip while the 3 year jumps
HDFC Bank has revised its Marginal Cost of Funds Based Lending Rates effective May 7, 2026. Borrowers on loans linked to the MCLR regime will see some tenures fall by up to 5 basis points, while the 3-year MCLR increases by 5 basis points. Overall MCLR now sits between 8.05% and 8.60%.
- HDFC Bank MCLR changes kick in May 7 2026
- Some loan tenures drop by up to 5 bps
- The 3-year MCLR rises by 5 bps
- Revised MCLR range is 8.05% to 8.60%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times