NEWS & ADVICE : HOME LOANS
Rates for home loans hiked by 10bps by HDFC
By Joseph Samson
Dec 4, 2013
Print    Email    RSS   

Effective from Sunday, there was a hike in the rates for home loans by the biggest mortgage lender of the county, the Housing Development Finance Corporation. The retail prime lending rate (RPLR) for Non-banking finance company else known as NBFC was raised from 16.65% to 16.75%.

There was no official announcement made in regards to the increase of the interest rate. All the company did was updated the official website, where the new rates was displayed, has been the recent practice.

The hike on the interest rate came soon after State Bank of India (SBI) which is the closest competitor had increased their base rate to 10% from 9.82%, a hike of 20 bps. This was after the move made on October 29 by RBI in regards to increasing the repo rate by 25 bps.

 

The home loans of HDFC are costlier in comparison to SBI. The homes loans of SBI start at 10.3% for the loans which are up to Rs.30 lakhs. For the loans above Rs.30 lakhs, the interest rate is 10.5%


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to go about ‘Leveraged Investing’
If the interest rate is same, how do you...
What should you do if interest rates are...
Stop worrying for your home loan: Get it...
Hybrid loans – are they beneficial?


750344_8221,...
750344_8221,...
750344_8221,...
how to gate my home loan certificate
how can applay for DSA. any age, qalification,...
How to view my home loan account statement

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