Higher loan EMIs for these HDFC Bank borrowers: Bank increases lending rates by up to 15 bps; check new interest rates here

HDFC Bank has increased its Marginal Cost of Funds-based Lending Rates (MCLR) across all tenures for November 2026. The latest revision means that borrowers whose loans are linked to the MCLR may have to pay higher interest rates when their loans are reset. The MCLR increase ranges from 5 basis points (bps) to 15 bps, depending on the loan tenure.

A basis point is one-hundredth of a percentage point. The revised HDFC Bank MCLR rates are applicable from November 7, 2026, as per HDFC Bank’s official website.

Following the revision, HDFC Bank's MCLR rates range from 7.85% to 8.70%


Earlier, HDFC Bank's MCLR rates were from 7.75% to 8.55%, depending on the loan tenure.


Also read: HDFC Bank increases FD interest rates by up to 50 bps: Senior citizens can now earn up to 7.20%; check revised rates

HDFC Bank's new lending rates

The overnight MCLR has been raised from 7.80% to 7.85%. The one-month MCLR has increased from 7.75% to 7.85% and the three-month from 7.95% to 8.05%.

The increase is higher for longer MCLR tenors. HDFC Bank has increased its six-month MCLR from 8.15% to 8.30% and one-year MCLR from 8.30%-8.45%. The two-year and three-year MCLRs have also been raised by 15 basis points each.

HDFC Bank MCLR rate comparison (November vs October 2026 rates)

Here is a comparison of HDFC Bank's MCLR rates for October and November 2026.

MCLR tenure	October 2026	November 2026	Increase
Overnight	7.80%	7.85%	5 bps
1 month	7.75%	7.85%	10 bps
3 months	7.95%	8.05%	10 bps
6 months	8.15%	8.30%	15 bps
1 year	8.30%	8.45%	15 bps
2 years	8.40%	8.55%	15 bps
3 years	8.55%	8.70%	15 bps

Which HDFC Bank borrowers will pay a higher EMI on their loans now?

Borrowers whose loans are linked to the MCLR will be impacted by the latest rate changes. This will cover existing home loan, personal loan, and other retail loan borrowers as per the loan agreement.

However, all HDFC Bank borrowers will not immediately begin paying higher EMIs following an MCLR change. Banks may take some time to announce an increase in their loan rates linked to the MCLR.

Borrowers should refer to revised lending rates reset dates in their loan statements to see when this will be reflected in their repayments.

What is MCLR?

The MCLR or the Marginal cost of funds-based lending rate is the minimum lending rate of a bank below which it cannot lend except in permitted cases as per RBI guidelines.