Lower EMIs incoming: HDFC Bank cuts MCLR following RBI repo rate cuts

HDFC Bank announces a decrease in its Marginal Cost of Funds-based Lending Rates. This reduction provides relief to borrowers with loans linked to MCLR. The MCLR has been lowered by up to 15 basis points on select loan tenures. The revised rates, effective May 7, 2025, range from 9.00% to 9.20%.