Industry

HDFC raises home loan rate by 10 bps

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Mortgage financier HDFC has increased the home loan rate by the 10 basis points (bps) with effect from January 1.

For loans upto ₹30 lakh, the new rate will be 8.95% and for between ₹30 lakh and ₹75 lakh, it will be 9.10%. For loans over ₹75 lakh, interest rate will be 9.15%. Interest rates for women borrowers will be 5 bps lower than the above rates. Earlier on December 10, largest lender State Bank of India has hiked interest rates by 10 bps. The comparable rate of SBI for home loans upto ₹30 lakh is 8.8%.

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Printable version | Jan 27, 2020 12:21:00 AM | https://www.thehindu.com/business/Industry/hdfc-loan-raise-rates/article25874723.ece

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