HDFC cuts lending rate by 15 basis points
Moneylife Digital Team 19 January 2017
HDFC Ltd, one of the largest housing finance company, on Thursday announced a 15 basis points (bps) reduction in its retail prime lending rate (RPLR). This reduction would benefit all existing customers, the lender said.
 
For all new home loans of up to Rs75 lakh, interest rates for women customers would be 8.65% and for others, it would be 8.70% per annum, HDFC said in a release.
 
 
The reduction in the RPLR will also be applicable on loans to non-resident Indians (NRIs)/ persons of Indian origin (PIO) card holders.
 

 

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