# HDFC Bank cuts MCLR by 5 bps; EMI relief depends on loan type 2026-08-10T11:34:07+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet HDFC Bank has reduced its MCLR by 5 basis points across six of seven loan tenures, effective August 7, 2026. The one-year MCLR fell from 8.45 per cent to 8.40 per cent, and the overall MCLR range now stands at 8 per cent to 8.65 per cent. The two-year MCLR remains unchanged at 8.55 per cent. The cut comes after the RBI paused the repo rate at 5.25 per cent. The reduction does not automatically lower EMIs for all borrowers. For older loans linked to MCLR, the benefit depends on the spread charged and the reset date specified in the loan agreement. Newer floating-rate retail loans, especially home loans, are linked to external benchmarks like the repo rate, so the MCLR move does not directly affect them. Borrowers must check their loan benchmark, spread, and next reset date to know if their EMI will fall. ## Coverage - timesnownews.com - news.abplive.com Tags: HDFC Bank, Home loan, MCLR, personal loan, RBI, repo rate Canonical: https://indianopinion.org/hdfc-bank-cuts-mclr-by-5-bps-home-personal-loan-emis-may-not-fall-immediately/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/hdfc-bank-cuts-mclr-by-5-bps-home-personal-loan-emis-may-not-fall-immediately/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.