HDFC Bank increases loan interest rates by up 5 bps: EMIs to rise further
The Marginal Cost of the Fund-Based Lending Rate or the MCLR is the minimum interest rate that a financial institution needs to charge for a specific loan. The bank has increased the loan interest rates by up to 5 basis points (bps) on all tenures. HDFC Bank MCLR interest rates will now range between 9.10% and 9.45%.
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