HDFC Ltd on Monday announced a reduction in its retail prime lending rate (RPLR) by 25 basis points, with effect from October 06 2015.
“This reduction would benefit all customers,” HDFC said.
Following the reduction, the effective home loan rates for new customers would be 9.65 per cent per annum and for women it will be 5 basis points lower at 9.60 per cent per annum. The reduction in the RPLR will also be applicable on loans to Non-Resident Indians and PIO card holders, the lender said.
HDFC said it has recently made similar reduction in its deposit rates across all maturities.
