Press Esc to close
Tuesday 24 May 2016
News updated at 11:06 PM IST
Weather
Max: 34.1°C
Min : 22.7°C
In Bengaluru
Sunny day

HDFC cuts retail lending rate by 10 bps

Mumbai, Feb 5, 2013, DHNS:

Mortage major HDFC on Tuesday announced a reduction in its retail prime lending rates (RPLR) by 10 basis points, effective February 6, 2013.

Consequent to this rate cut, HDFC’s interest rates for floating rate home loans up to Rs 30 lakh stands revised to 10.15 per cent from the earlier rate of 10.25 per cent, while the floating rate for home loans above Rs 30 lakh has come down to 10.4 per cent from its earlier rate of 10.5 per cent. 

Similarly the rates of interest on existing loans to NRI’s have also been reduced, said an HDFC release.

Commenting on the rate cut, HDFC Managing Director Renu S Karnad said, "Over the past couple of months we have seen a drop in CRR and cut in repo rate which have resulted in our costs of funds at a portfolio level come down and as always HDFC has ensured that benefit is passed on to existing customers by way of a reduction in RPLR.”

Further, she said, "We have over the last few months also seen that the measures taken by the government has improved sentiment which will provide more confidence to customers wanting to buy a house.”


Go to Top

Photo Gallery
Girls cover themselves during a dust storm in mathura on Monday...

Girls cover themselves during a dust storm in mathura on Monday...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

People hang fish to dry on bamboo poles in Mumbai...

People hang fish to dry on bamboo poles in Mumbai...

A cyclist with his daughter pedals his cycle holding an umbrella...

A cyclist with his daughter pedals his cycle holding an umbrella...

An elderly vendor waits for customers of green grass during rains in Srinagar....

An elderly vendor waits for customers of green grass during rains in Srinagar....

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523