HDFC Bank Ltd has decreased its Benchmark Prime Lending Rate by 0.20%, or 20 basis points with effect from Friday, June 12, 2020. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.
New Delhi (Delhi, India), July 20, 2020
The HDFC Bank Limited has decreased its Benchmark Prime Lending Rate (BPLR) by 0.20 percent, or 20 basis points with effect from Friday, June 12, 2020.
HDFC Bank Limited has revised its Benchmark Prime Lending Rate for personal loans and consumer loans from 16.40 percent to 16.20 percent per annum.
HDFC Bank Limited uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.
HDFC Bank Limited has also reduced its Base Rate (BR) or the minimum lending rate from 8.65 percent to 8.10 percent per annum with effect from Friday, May 22, 2020.
HDFC Bank Limited determines its interest rates on all loans and advances, including consumer loans, lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
HDFC Bank Limited’s current interest rate cut will decrease the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the HDFC Bank Limited’s fixed rate customers, as their contracted rates will remain unchanged.
June 12, 2020 BPLR: 16.20%
April 21, 2020 BPLR: 16.40%
January 29, 2019 BPLR: 16.85%
October 01, 2018 BPLR: 16.75%
April 05, 2018 BPLR: 16.35%
June 11, 2018 BPLR: 17.45%
November 30, 2017 BPLR: 17.35%
June 30, 2017 BPLR: 17.40%
March 31, 2017 BPLR: 17.50%
January 19, 2017 BPLR: 16.15%
October 24, 2016 BPLR: 17.75%
January 04, 2016 BPLR: 17.80%
October 05, 2015 BPLR: 16.30%
September 01, 2015 BPLR: 17.85%
June 15, 2015 BPLR: 18.20%
April 10, 2015 BPLR: 16.55%
December 01, 2013 BPLR: 16.75%
November 02, 2013 BPLR: 18.50%
August 03, 2013 BPLR: 18.30%
March 30, 2013 BPLR: 18.10%
December 31, 2012 BPLR: 18.20%
June 30, 2012 BPLR: 18.30%
August 13, 2011 BPLR: 18.50%
July 12, 2011 BPLR: 18.00%
May 12, 2011 BPLR: 17.75%
March 14, 2011 BPLR: 17.25%
February 24, 2011 BPLR: 16.75%
January 01, 2011 BPLR: 16.25%
October 05, 2011 BPLR: 16.00%
September 06, 2010 BPLR: 16.25%
July 01, 2010 BPLR: 15.75%
May 22, 2020 Base Rate: 8.10%
March 13, 2020 Base Rate: 8.65%
November 29, 2019 Base Rate: 8.85%
August 16, 2019 Base Rate: 9.20%
July 08, 2019 Base Rate: 9.30%
January 07, 2019 Base Rate: 9.15%
December 10, 2018 Base Rate: 9.30%
September 12, 2018 Base Rate: 9.15%
June 11, 2018 Base Rate: 8.95%
November 30, 2017 Base Rate: 8.85%
June 30, 2017 Base Rate: 8.90%
March 31, 2017 Base Rate: 9.00%
October 24, 2016 Base Rate: 9.25%
January 04, 2016 Base Rate: 9.30%
September 01, 2015 Base Rate: 9.35%
June 15, 2015 Base Rate: 9.70%
April 13, 2015 Base Rate: 9.85%
November 02, 2013 Base Rate: 10.00%
August 03, 2013 Base Rate: 9.80%
March 30, 2013 Base Rate: 9.60%
December 31, 2012 Base Rate: 9.70%
June 30, 2012 Base Rate: 9.80%
August 13, 2011 Base Rate: 10.00%
July 12, 2011 Base Rate: 9.50%
May 12, 2011 Base Rate: 9.25%
March 14, 2011 Base Rate: 8.70%
February 24, 2011 Base Rate: 8.20%
January 01, 2011 Base Rate: 7.75%
October 05, 2010 Base Rate: 7.50%
July 01, 2010 Base Rate: 7.25%