Press Esc to close
Monday 26 June 2017
News updated at 5:39 PM IST

HDFC cuts retail lending rate by 10 bps

Mumbai, Feb 5, 2013, DHNS: 22:04 IST
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
Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.