HDFC Bank raises MCLR by 5-15 bps across all tenures: Check new lending rates and what they mean for your loan EMIs

HDFC Bank, India's largest private sector lender, has raised its Marginal Cost of Funds-based Lending Rate (MCLR) by 5-15 basis points across all seven tenures, effective November 7, 2022. The new rates will impact existing and new floating rate loans. Home, auto, and personal loans are likely to see an increase in Equated Monthly Installments (EMIs).