HDFC lowers home loan rates tracking SBI rate cut
For home loans up to ₹75 lakh, HDFC is offering an interest rate of 8.65% for women borrowers and 8.7% for other borrowers
New Delhi: India’s second largest mortgage lender Housing Development Finance Corporation (HDFC) Ltd, on Tuesday reduced interest rates on home loans. The moves comes a day after State Bank of India (SBI), the largest lender in the housing finance market reduced its home loan rates.
For loans up to ₹ 75 lakh, the housing finance company is offering an interest rate of 8.65% for women borrowers and 8.7% for other borrowers. Previously, HDFC did not offer separate rates for men and women and had a flat rate of 9.1% for loans up to ₹ 75 lakh.
In case of loans above ₹ 75 lakh, HDFC is offering an interest rate of 8.7% for women borrowers and 8.75% for other borrowers, as compared with a flat rate 9.15% previously.
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Similarly, Indiabulls Housing Finance Ltd too set its home loan rate at 8.65% for women and 8.7% for other borrowers in case of loans worth up to ₹ 75 lakh. For loans worth between ₹ 75 lakh and ₹ 3 crore, Indiabulls is offering a rate of 8.7% for women and 8.75% for other borrowers. In case of loans worth between ₹ 3-5 crore, the housing finance company is offering 8.8% and 8.85% for women and other borrowers respectively.
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