HDFC will cut Home Loan Rates
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HDFC Bank Home Loans Rate Cuts
Housing Development Finance Corp (HDFC), the largest home loan lender is cutting interest rates on home loans. This comes after it cut rates in mid December by 0.5 per cent. It says it is looking to reduce home loan rates for new borrowers.
HDFC Says, new home loans upto Rs 30 lahk to be available at 9.75 per cent and home loans above Rs 30 lakh to be available at 10.75 per cent. Decision of home loan rate cut is to be formally announced on Monday. In December HDFC had reduced interest rates by 0.5 per cent. For Rs 20 lakh loan interest rate was cut to 10.25 per cent while loans above Rs 20 lakh, rate was cut to 11.25 per cent.
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3 Comments on this post
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Chittaranjan Datar said:
The author of the peice needs to check FACTS ! HDFC is Housing Development Finance Corporation and the PARENT of HDFC Bank – which DOES NOT do home loans except SELLING HDFC’s HOME LOAN PRODUCTS !
February 9th, 2009 at 3:15 am -
Lisa S. said:
There is obviously a lot to know about this. I think you made some good points in this subject. So, just want to say great job!
May 20th, 2009 at 12:36 am -
krishnas said:
HI Lisa,
Thank you for the comments.
Thanks,
KrishnaMay 20th, 2009 at 1:02 am
