{
  "id": 12568564,
  "title": "HDFC Bank cuts lending rates for these borrowers",
  "url": "https://urgent.news/2026/10/07/hdfc-bank-cuts-lending-rates-for-these-borrowers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T06:45:44.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/borrow/good-news-for-hdfc-bank-borrowers-bank-cuts-lending-rates-across-tenures-by-up-to-15-bps-check-latest-list/articleshow/134758224.cms"
  },
  "original_language": "en",
  "account": "HDFC Bank has reduced the interest rates for borrowers whose loans are tied to the Marginal Cost of Funds-Based Lending Rate (MCLR). The bank's MCLR rates have dropped across all tenures by up to 15 basis points, which is one-hundredth of a percentage point. New MCLR rates will be effective from October 7, 2026.\n\nThe revised MCLR ranges now fall between 7.80% and 8.55%, depending on the loan tenure. This is a decrease from the previous range of 7.90% to 8.60%. For instance, HDFC Bank's overnight MCLR was lowered from 7.90% in September to 7.80% in October, a reduction of 10 basis points.\n\nThe MCLR comprises various tenures, including overnight, one month, three months, six months, one year, two years, and three years. Each has experienced a reduction in rates over the past month. For example, the overnight MCLR went down from 7.90% to 7.80%, the one-month MCLR dropped from 7.90% to 7.75%, and the three-month MCLR decreased from 8.05% to 7.95%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Wealthy investors view rates and yields as the biggest growth risk, says Deutsche Bank",
        "url": "https://urgent.news/2026/10/07/wealthy-investors-view-rates-and-yields-as-the-biggest-growth-risk",
        "published": "2026-10-07T08:30:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}