HDFC Bank : Good news for borrowers of HDFC Bank!! Big drop in interest rate, EMI will come down

HDFC Bank | There is good news for customers who are paying loan EMIs during inflationary times. HDFC Bank, the leading bank in the banking sector, has decided to reduce the interest rates on some of its loan schemes. This decision will directly benefit the short-term loan holders, who are likely to reduce their monthly EMI burden to some extent.

Bank has announced revised interest rates and these new rates are applicable from 7th April 2026. This is a big relief especially for short-term borrowers. In times of rising costs, even a slight reduction in EMIs becomes important for consumers. HDFC Bank

According to the bank, the MCLR rate has been reduced by 0.05 percent for a select period. After this change, interest rates on certain loans have come down from 8.15 percent to 8.10 percent. This will benefit the overnight and one month term loan holders the most. Customers in this category may see a direct change in their EMIs. A lower interest rate will reduce the monthly installment or lighten the loan repayment burden.

The bank has also reduced the three-month lending rate. Earlier three-month MCLR was 8.25 percent, which has now been increased to 8.20 percent. So, overnight to three month loan borrowers will get the benefit of this decision. HDFC Bank

However, no change has been made for long-term borrowers. The MCLR rates on loans with tenors of six months, one year, two years and three years have been retained as before. Hence, there will be no immediate change in EMIs for home loans, large personal loans or long-term borrowers.

Many customers wonder how much the EMI will be reduced exactly? But it depends on your loan amount, remaining tenure and bank’s reset date. For example, a reduction of 0.05 percent on a short-term loan can make a difference in EMI of up to a few hundred rupees. This benefit can be higher on larger loan amounts.

With inflation, rising costs and pressure on household budgets, such interest rate cuts come as a big relief to consumers. Especially personal loans, short-term business loans or loans taken for urgent needs can reduce the load. HDFC Bank

Customers who have taken a loan recently or whose loan is linked to MCLR should contact HDFC Bank directly for their revised EMI.