Canara Bank has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all loan tenors, effective May 12, 2026. For borrowers with MCLR-linked loans, this means new interest charges that may translate into higher EMIs. In contrast, Bank of Baroda’s MCLR rates are unchanged.
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%.
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