HDFC Bank Rate Hike Alert: EMI Burden May Increase for Loan Customers

HDFC Bank has increased its Marginal Cost of Funds-Based Lending Rate (MCLR) across multiple tenures by 5 to 10 basis points. The revised lending rates came into effect from June 8, 2026, impacting borrowers whose loans are linked to the MCLR benchmark.

As a result, customers with MCLR-based home loans, personal loans, and vehicle loans may witness an increase in their EMI payments during future reset periods. The move is expected to raise borrowing costs for a section of the bank’s loan customers.