Begin typing your search...
HDFC reduces retail lending rates on home loans
Mortgage major Housing Development Finance Corporation (HDFC) will now offer cheaper lending rates on home loans from January 6, as it reduced the retail prime lending rate by 5 basis points.
By
migrator
migrator
New Delhi
"HDFC reduce its retail prime lending rate on housing loans, on which its 'Adjustable Home Loan Rate' (AHLR) are benchmarked, by 5 basis points with effect from January 6, 2020," the company said in a regulatory filing.
Consequently, the effective rates for home loan for women borrowers up to Rs 30 lakh would be 8.05 per cent, from Rs 30-75 lakh at 8.30 per cent and above Rs 75 lakh, 8.40 per cent. For male borrowers, the rates would be 5 bps more.
The change will benefit all existing HDFC customers, the company said.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
