HDFC Bank MCLR Rates, HDFC Bank Base Rate – Dec 2018

HDFC Bank MCLR Rate

5th Dec 2018 – RBI keeps Repo Rate unchanged at 6.50%

Current MCLR rate of HDFC Bank ranges from 8.35% to 9.00% varying by reset frequency of the loan. HDFC Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor.

Tenure wise MCLR HDFC Rate Today
Overnight 8.35%
1 Month 8.40%
3 Month 8.45%
6 Month 8.55%
1 Year 8.70%
2 Year 8.85%
3 Year 9.00%
HDFC Base Rate 9.15%

HDFC Bank Interest Rates

HDFC Bank Interest Rates
Personal Loan Interest Rates 11.25% to 20.00% Detail
Car Loan Interest Rates 8.70% to 10.25% Detail
Business Loan Interest Rates 15.65% to 18.30% Detail
Gold Loan Interest Rates 11.50% to 15.00% Detail
Fixed Deposit Interest Rates 3.50% to 7.40% Detail
Saving Account Interest Rates 3.50% to 4.00% Detail
RD Interest Rates 6.25% to 7.40% Detail

MCLR of HDFC Bank

HDFC Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of HDFC Bank as announced on 07 Dec 2018 are:

  • Overnight MCLR Rate is 8.35%. The rate was last revised on 07 Nov 2018 to 8.35% from 8.30%
  • 1 Month MCLR Rate is 8.40%. The rate was last revised on 07 Dec 2018 to 8.40% from 8.35%
  • 3 Month MCLR Rate is 8.45%. The rate was last revised on 07 Dec 2018 to 8.45% from 8.40%
  • 6 Month MCLR Rate is 8.55%. The rate was last revised on 07 Nov 2018 to 8.55% from 8.50%
  • 1 Year MCLR Rate is 8.70%. The rate was last revised on 07 Nov 2018 to 8.70% from 8.65%
  • 2 Year MCLR Rate is 8.85%. The rate was last revised on 07 Nov 2018 to 8.85% from 8.80%
  • 3 Year MCLR Rate is 9.00%. The rate was last revised on 07 Nov 2018 to 9.00% from 8.95%

HDFC Bank MCLR Rate Trend

Date HDFC Bank MCLR
07th Dec 18
Overnight : 8.35%
1 Month : 8.40%
3 Month : 8.45%
6 Month : 8.55%
1 Year : 8.70%
2 Year : 8.85%
3 Year : 9.00%
07th Nov 18
Overnight : 8.35%
1 Month : 8.35%
3 Month : 8.40%
6 Month : 8.55%
1 Year : 8.70%
2 Year : 8.85%
3 Year : 9.00%
08th Oct 18
Overnight : 8.30%
1 Month : 8.30%
3 Month : 8.35%
6 Month : 8.50%
1 Year : 8.65%
2 Year : 8.80%
3 Year : 8.95%
07th Sep 18
Overnight : 8.25%
1 Month : 8.25%
3 Month : 8.30%
6 Month : 8.45%
1 Year : 8.60%
2 Year : 8.70%
3 Year : 8.90%
07th Aug 18
Overnight : 8.05%
1 Month : 8.05%
3 Month : 8.10%
6 Month : 8.25%
1 Year : 8.40%
2 Year : 8.55%
3 Year : 8.70%
07th Jul 18
Overnight : 8.05%
1 Month : 8.05%
3 Month : 8.10%
6 Month : 8.25%
1 Year : 8.40%
2 Year : 8.55%
3 Year : 8.70%
07th Jun 18
Overnight : 8.05%
1 Month : 8.05%
3 Month : 8.10%
6 Month : 8.25%
1 Year : 8.40%
2 Year : 8.55%
3 Year : 8.70%
07th May 18
Overnight : 7.95%
1 Month : 7.95%
3 Month : 8.00%
6 Month : 8.15%
1 Year : 8.30%
2 Year : 8.45%
3 Year : 8.60%
07th Apr 18
Overnight : 7.95%
1 Month : 7.95%
3 Month : 8.00%
6 Month : 8.15%
1 Year : 8.30%
2 Year : 8.45%
3 Year : 8.60%
07th Mar 18
Overnight : 7.95%
1 Month : 7.95%
3 Month : 8.00%
6 Month : 8.15%
1 Year : 8.30%
2 Year : 8.45%
3 Year : 8.60%
07th Feb 18
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 8.00%
1 Year : 8.20%
2 Year : 8.30%
3 Year : 8.50%
07th Jan 18
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 8.10%
2 Year : 8.20%
3 Year : 8.40%
07th Dec 17
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 8.10%
2 Year : 8.20%
3 Year : 8.40%
07th Nov 17
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.85%
6 Month : 7.90%
1 Year : 8.10%
2 Year : 8.20%
3 Year : 8.40%
07th Oct 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
07th Sep 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
07th Aug 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
07th Jul 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
07th Jun 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
08th May 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.25%
3 Year : 8.45%
07th Apr 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.20%
3 Year : 8.30%
07th Mar 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.20%
3 Year : 8.30%
07th Feb 17
Overnight : 7.85%
1 Month : 7.85%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.15%
2 Year : 8.20%
3 Year : 8.30%
07th Jan 17
Overnight : 7.85%
1 Month : 7.90%
3 Month : 7.90%
6 Month : 8.00%
1 Year : 8.15%
2 Year : 8.20%
3 Year : 8.30%
07th Dec 16
Overnight : 8.65%
1 Month : 8.70%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.90%
2 Year : 8.95%
3 Year : 9.05%
07th Nov 16
Overnight : 8.70%
1 Month : 8.75%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.90%
2 Year : 9.00%
3 Year : 9.05%
07th Oct 16
Overnight : 8.85%
1 Month : 8.90%
3 Month : 8.95%
6 Month : 9.00%
1 Year : 9.05%
2 Year : 9.15%
3 Year : 9.20%
07th Sep 16
Overnight : 8.85%
1 Month : 8.90%
3 Month : 9.00%
6 Month : 9.05%
1 Year : 9.05%
2 Year : 9.15%
3 Year : 9.25%
08th Aug 16
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.00%
6 Month : 9.05%
1 Year : 9.10%
2 Year : 9.20%
3 Year : 9.25%
07th Jul 16
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.00%
6 Month : 9.05%
1 Year : 9.10%
2 Year : 9.20%
3 Year : 9.25%
07th Jun 16
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
2 Year : 9.20%
3 Year : 9.30%
07th May 16
Overnight : 8.90%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
2 Year : 9.25%
3 Year : 9.30%
01st Apr 16
Overnight : 8.95%
1 Month : 9.05%
3 Month : 9.10%
6 Month : 9.15%
1 Year : 9.20%
2 Year : 9.30%
3 Year : 9.35%
  • Effective 1st April 2016, HDFC Bank has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. HDFC Bank MCLR rates for different tenors range from 8.35% to 9.00%.
  • RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, HDFC Bank decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
  • Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, HDFC Bank may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, HDFC may decide to cut its MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of HDFC Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from HDFC Bank.
  • MCLR rate can be revised by HDFC Bank every month. However, it is not mandatory for HDFC Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Compare MCLR Rate Movement



    Compare HDFC Bank MLCR Rates with Other Banks

    About HDFC Bank

    • HDFC Bank's registered office is located at HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra-400013 .
    • HDFC Bank's management is led by its CEO Mr. Aditya Puri.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    HDFC News - Dec 2018
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