Press Esc to close
Tuesday 31 March 2015
News updated at 8:32 PM IST
Weather
Max: 33.8°C
Min : 21.3°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
People being rescued from their homes after flood water entered into their houses...

People being rescued from their homes after flood water entered into their houses...

Sunny Leone and Jay Bhanushali during the promotion of their forthcoming film 'Leela-Ek Paheli'...

Sunny Leone and Jay Bhanushali during the promotion of their forthcoming film 'Leela-Ek Paheli'...

President Pranab Mukherjee presents Padma Shri to Tarak Janubhai Mehta ...

President Pranab Mukherjee presents Padma Shri to Tarak Janubhai Mehta ...

President Pranab Mukherjee presents Padma Shri to Arunima Sinha during Padma Awards 2015 function...

President Pranab Mukherjee presents Padma Shri to Arunima Sinha during Padma Awards 2015 function...

Manohar Parrikar reviews an honor guard upon his arrival at Defense Ministry in Tokyo...

Manohar Parrikar reviews an honor guard upon his arrival at Defense Ministry in Tokyo...

Gray Heron bird seen at Madiwala Lake in Bengaluru...

Gray Heron bird seen at Madiwala Lake in Bengaluru...

Mumbai Indians' players Unmukt Chand and Parthiv Patel with the team's head coach Ricky Ponting...

Mumbai Indians' players Unmukt Chand and Parthiv Patel with the team's head coach Ricky Ponting...

Villagers try to pull the bodies of victims from the rubble after a hillside collapsed ...

Villagers try to pull the bodies of victims from the rubble after a hillside collapsed ...

Villagers watch the rescue operation at the site of a damaged house after a hillside collapsed...

Villagers watch the rescue operation at the site of a damaged house after a hillside collapsed...

A resident looks on as waters rise...

A resident looks on as waters rise...

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