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HDFC raises home loan rates by 25 basis points

HDFC raises home loan rates by 25 basis points
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First Published: Tue, Feb 01 2011. 08 03 PM IST
Updated: Tue, Feb 01 2011. 08 03 PM IST
Mumbai: Housing Development Finance Corp (HDFC), India’s top mortgage lender, said on Tuesday it would raise its lending rates by 25 basis points with immediate effect.
“This is in line with the interest rates in the economy, which have hardened due to an increase in policy rates, inflation and liquidity in the domestic market,” the company said in a statement.
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First Published: Tue, Feb 01 2011. 08 03 PM IST