# HDFC Bank raises MCLR by up to 15 basis points from 7 November 2026 2026-11-11T12:22:19+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet HDFC Bank has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 to 15 basis points across all seven tenors, effective 7 November 2026. The move will make home, personal, auto and other floating-rate loans costlier for customers whose loans are linked to MCLR. After the revision, the bank's MCLR ranges from 7.85 percent to 8.70 percent, up from the earlier range of 7.75 percent to 8.55 percent. The sharpest increase of 15 basis points was applied to the six-month, one-year, two-year and three-year tenors, while other tenors saw rises of 5 to 10 basis points. For a borrower with a Rs 20 lakh MCLR-linked loan over 20 years at an existing 8 percent interest, the rate will rise to 8.15 percent. This will push the monthly EMI from Rs 16,729 to Rs 16,916, an increase of roughly Rs 200. The actual impact on each customer depends on their loan agreement's benchmark and reset date. The rate revision does not automatically affect all HDFC Bank borrowers, only those on MCLR-linked loans. ## Indian Opinion Analysis The increase, though modest in basis points, will raise monthly outflows for borrowers whose loans are tied to MCLR at a time when household budgets are already stretched by persistent inflation. HDFC Bank, as the country's largest lender, sets a floor that other banks may follow, amplifying the impact on credit costs across the banking system. The 15-basis-point rise on the longer tenors also signals that the bank expects funding costs to stay elevated for an extended period. What remains unresolved is how many borrowers are still on the MCLR benchmark rather than on the repo-linked rate, and whether banks will now move more customers away from MCLR. ## Coverage - aajtak.in Leads with bank decision, frames impact for borrowers with example EMIs This brief was synthesised by AI from the source linked above. Tags: auto loan, EMI, HDFC Bank, Home loan, MCLR, personal loan Canonical: https://indianopinion.org/hdfc-bank-raises-mclr-by-up-to-15-basis-points-from-7-november-2026/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/hdfc-bank-raises-mclr-by-up-to-15-basis-points-from-7-november-2026/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/