HDFC Bank reduces MCLR rate on this term – CNBC TV18

HDFC Bank reduces MCLR rate on this term – CNBC TV18


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Name of the scheme 1-year back Invest now Fund category expense ratio
Axis Nifty 50 Index Fund +32.80% Invest now Equity: Big Cap 0.12%
Axis Nifty 100 Index Fund +38.59% Invest now Equity: Big Cap 0.21%
Axis Nifty Next 50 Index Fund +71.83% Invest now Equity: Big Cap 0.25%
Axis Nifty 500 Index Fund , Invest now Equity: Flexi Cap 0.10%
Axis Nifty Midcap 50 Index Fund +46.03% Invest now Equity: Mid Cap 0.28%
Tenure MCLR (%)
Overnight 9.20%
1 month 9.20%
3 months 9.30%
6 months 9.40%
1 year 9.40%
2 years 9.40%
3 year 9.45%

With loans associated with MCLR, borrowers will see changes in their debt EMI when there is ups and downs in MCLR rates.

For people with loans taken before 2016, the base rate or benchmark prime lending rate (BPLR) still applies.

When MCLR reduces EMI for loans such as home, individual and business loans.

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