NEWS & ADVICE : HOME LOANS
HUDCO reduces interest rates by 25 bps on loans linked to floating rate
By Joseph Samson
Oct 3, 2012
Print    Email    RSS   

HUDCO, the Housing and Urban Development Corporation Limited, released a press statement stating that it has cut its interest rates on housing loans and urban infrastructure development schemes by 25 basis points for credit being charged at floating rates.

Following the reduction, the new rates for Economically Weaker Sections and Low Income Groups on housing loans will vary from 8.25 percent to 8.75 percent. As for the HUDCO Niwas scheme, a retail loans scheme of HUDCO, the reduced interest on floating rates will be charged at the rate of 10 percent for loans till Rs. 25 lakh for home loan schemes.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #2
Admissible deductions under Section 80C
Home Loan Agreement: An important aspect...
Fixed or floating interest rate home loan:...
Should interest rate only be considered in...


Find the balance amount of principal amount of loan...
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