It has been reported that under the National Housing Bank’s Refinance Scheme of Rural Housing Fund, DHFL housing finance company has revised its rates. The DHFL will be offering home loan at the fixed rate of 9.35% for the tenure of 7 years and up to a amount of Rs15 lakhs. Further for the tenure of 8 to 15 years the company will be offering the floating rate of 11.50%.
Managing director of the company reported that National housing bank has reduced the rates under the refinance scheme. The rates were reduced to 7.35% and it was announced that housing finance companies should offer home loan to the customers up to the rate of 9.35% not more than this. DHFL is the first one to follow this initiative and therefore will be offering home loan for seven years at fixed rate of 9.35%.