HDFC Bank cuts lending rate by 5 bps, check the latest rates
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HDFC Bank cuts lending rate by 5 bps, check the latest rates

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HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the case may be. HDFC Bank charges 17.95 percent as Benchmark PLR and 9.45 percent as base rate with effect from Sept 9. Other lending rates The other lending rates charged by the largest private bank are as follows: The Benchmark PLR of HDFC Bank was revised to 17.95 per cent p.a on September 9, 2024.

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