HDFC Bank Cuts Loan Rates, Making Your EMIs Cheaper
HDFC Bank, India's largest private lender, cut its MCLR by up to 10 basis points across all tenures, effective September 7. This move will make many home, personal, and auto loans cheaper for borrowers.
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▲ Upside
- Reduction
- New rates applied
If you’re wondering
What is a 'basis point'?
A basis point is a common unit of measure in finance, equal to one-hundredth of one percentage point (0.01%). So, a 10 basis point cut means a 0.10% reduction.
