NEWS & ADVICE : HOME LOANS
HDFC extends teaser loans too
By Joseph Samson
Jul 5, 2010
Print    Email    RSS   

Competition from the largest lender of the country, State Bank of India has led HDFC Bank to extend its teaser loan scheme on home loans.

The product would offer a fixed rate of 8.25% till March 2011 and 9.25% for the next 12 months. From April 2012, the prevailing home loan rates will apply.

The policy rate hike by RBI will not affect the bank's prime lending rate or the scheme.

"A quarter-percent hike is a gradual increase. Unless there is either a reduction in liquidity or more of such rate hikes, I don't see rates going up," said Keki Mistry, vice-chairman and CEO.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Bankers concerned on RBI loan recovery...
Repaying multiple loans – Which one...
The right age for home loans!
Carnival of Indian Personal Finance Blogs #2
Know About Different Types of Home Loans...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive