HDFC Hikes Retail Prime Lending Rate On Home Loans By 50 Basis Points

Housing Development Finance Corp. Ltd. raised its benchmark mortgage rate, tracking the 50 bps repo rate hike by the Reserve Bank of India.HDFC raised the retail prime lending rate on housing loans by 50 basis points, according to its statement. The hike will be effective from Oct. 1.HDFC’s adjustable-rate loans are benchmarked on the retail prime lending rate. Currently, HDFC offers adjustable-rate home loans, at interest rates rang…

Source link