HDFC Bank, BoM, Karur Vysya hike lending charges

HDFC Bank stated it has raised its marginal value of funds-based lending price (MCLR) by 25 foundation factors (bps) throughout tenors, with impact from May 7.

The in a single day MCLR at HDFC Bank now stands at 7.15 per cent, the one-month price is at 7.2 per cent, the three-month price at 7.25 per cent, the six-month MCLR at 7.35 per cent, the one-year MCLR at 7.5 per cent, the two-year MCLR at 7.6 per cent and the three-year MCLR at 7.7 per cent.

Meanwhile, as per a PTI report, state-run Bank of Maharashtra (BoM) stated it has raised the MCLR throughout tenures by 0.15 per cent. Effective May 7, the benchmark one-year MCLR, in opposition to which most private, auto and residential loans are linked, has been raised to 7.40 per cent from 7.25 per cent earlier, BoM stated. Further, Indian Overseas Bank stated it has hiked its repo linked lending price (RLLR) to 7.25 per cent from May 10.

Private sector Karur Vysya Bank stated it has revised the exterior benchmark price repo-linked EBR-R from May 9 to 7.45 per cent from 7.15 per cent. FE