Everyone is troubled by inflation across the country. Meanwhile, HDFC Bank has given some relief to its loan holders. Actually, HDFC Bank has made some changes in its interest rates, which will directly affect the EMI. The bank has reduced loan rates of different tenures. These new rates have come into effect from Tuesday, April 7, 2026.

How much reduced rate?
According to the information given on the bank’s website, MCLR has been reduced by 0.05% on some selected loans. After which the loan takers related to this are expected to benefit. After the cut in MCLR, HDFC Bank’s rates have now reduced from 8.15 percent to 8.10 percent on the basis of loan tenure. This loan depends on your loan tenure.

Benefit on short term loan
After this change brought by the bank, those people whose loan period is between six months to three years are going to benefit directly. Those people who have taken loan for a long period are not going to get any benefit from it. Especially the overnight and one month MCLR rates have been reduced from 8.15 percent to 8.10 percent. Three-month MCLR has reduced from 8.25 percent to 8.20 percent. So the MCLR rates for six months, one year, two years and three years remain the same.

Duration	old mclr	New MCLR	shift
overnight	8.15	8.10	0.5%
a month	8.15	8.10	0.5%
three months	8.25	8.20	0.5%
six months	8.35	8.35	no changes
one year	8.35	8.35	no changes
two years	8.45	8.45	no changes
three years	8.45	8.45	no changes

Let us tell you that after this, there will be a change in the EMI of those taking loans ranging from overnight to three months. Now they will have to pay less EMI as per the loan. However, this change is not for those taking long term loans.

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