IIFL Home Finance Trims Lending Rate by 0.25 Per cent

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Apr 15 (PTI) Private sector mortgage lender India Infoline Housing Finance (IIHFL) today reduced its home loan rates by 25 basis points to 9.90 per cent with immediate effect.

    "We believe the home loan rate downtrend is likely to continue and would benefit small home-buyers in the next few years, as the economic environment improves further," IIHFL chief executive Monu Ratra said in a statement.

    IIFL Home Finance Trims Lending Rate by 0.25 Per cent
     

    Yesterday, rivals Dewan Housing Finance (DHFL) and Indiabulls Housing Finance (IBHFL) had also cut their home loan rates by 0.25 per cent and 0.20 per cent, respectively to 9.90 per cent.

    The country's largest mortgage lender HDFC had also cut its home loan rate by 0.2 per cent to 9.90 per cent for new as well as existing borrowers.

    The move comes days after many banks such as State Bank of India, ICICI Bank, HDFC Bank and Axis Bank had lowered their lending rates by up to 0.25 per cent.

    The reduction in rates by banks has helped housing finance companies to bring down their borrowing cost, which they are now passing on to customers.

    PTI

    Read more about: iifl home loan
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more