Loan Tenures - Business Outrank

HDFC Bank operates as India's leading private sector bank which decreased its Marginal Cost of Funds-Based Lending Rate (MCLR) by 10 basis points across all loan durations starting from June 7. The bank implemented this change to match its lending rates with the Reserve Bank of India's (RBI) current monetary policy actions. The MCLR rates at HDFC Bank now stand at 8.90% for overnight and one-month loans and 8.95% for three-month loans and 9.05% for six-month and one-year loans. The two- and three-year MCLR has been revised to 9.10%. The new interest rates will provide better loan terms to borrowers through lower costs. The RBI's Monetary Policy Committee (MPC) reduced the repo rate by 50 basis points last week which resulted in a total 100 bps reduction since February 2025. The RBI reports that new rupee loans have experienced a 6 bps decrease in their weighted average lending rate (WALR) and outstanding loans have shown a 17 bps reduction. The Indian financial system shows monetary transmission through HDFC Bank's decision to lower term deposit rates.

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