In a definite indication loans are turning costlier, HDFC Bank on Wednesday raised the marginal cost of funds-based lending rate (MCLR) by 10 basis points for some tenures. The one-year MCLR was raised to 8.2% and matches that at ICICI Bank. However, State Bank of India (SBI) charges a lower 7.95%. Axis Bank, which last month became the first large lender to raise its MCLRs since the pricing mechanism came into effect on April 1, 2016, charges 8.3%. At HDFC Bank, the six-month, two-year and three-year MCLRs are now 8%, 8.3% and 8.5%, respectively.