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Bank loan rates in October 2023: ICICI Bank, HDFC Bank, BoB, PNB, Canara Bank, Yes Bank

The marginal cost of lending rate (MCLR) is the lowest lending rate. No bank is allowed to make a loan interest rate offer below this. Here is a comparison of lending rates of banks in the month of October 2023.

Punjab national bankMclrs at yes bankBank mclrtheMclrs at bankCanara bankYes bankBank accordingMaharashtra theHdfc bankIcici bankLoan ratesMarginal cost of lending rateIcici bank mclrHdfc bank mclr

HDFC Bank s interest rate hike: How much will your EMI rise? Know here

HDFC Bank increased MCLR rates by 0.15%, making loans costlier, affecting customers' EMIs on home, car, and personal loans.

Hdfc bankMarginal costLending rateReserve bankMclr ratesLoan interest ratesOan cost increaseHome loanCar loanPersonal loanMarginal cost of lending rateOan interest hikeBanking newsHdfc bank loanDfc bank loan emiHdfc bank mclr

HDFC Ltd-HDFC Bank merger: What differences home loan borrowers should know before shifting from MCLR to ELBR?

ELBR is more responsive to repo rate changes, which can result in faster re-pricing of loans compared to MCLR

Adhil shettyMarginal costLending rateExternal benchmark lending rateReserve bankBase rateHdfc ltdIfc bankBank mergerHome loan borrowersExternal benchmark lending rateMarginal cost of lending rate

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