After RBI repo rate pause, HDFC Bank cuts MCLR by up to 85 bps giving some respite to borrowers
HDFC Bank has left the rates of long-term loans unchanged. The rate for the loans with tenure of 1-year, 2-year, and 3-year tenures will continue to be at 8.95 per cent, 9.05 per cent, and 9.15 per cent, respectively.
For a shorter tenure, of one month, the rate has been reduced by 70 bps to 7.95 per cent.