For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Home Loans Get Costlier As HDFC Increases Lending Rates

|

The mortgage lender HDFC has increased its retail prime lending rate (RPLR) by 10 basis points as on 31 December 2018. This will make home loans costlier for new borrowers. The new rates range from 8.90 to 9.15 percent and will be effective from today, 1 January 2019. RPLR is the benchmark that HDFC uses to set its adjustable home loan interest rates.

Home Loans Get Costlier As HDFC Increases Lending Rates
 

As cost of funds increase, the new rate will encourage other lenders to increase their interest rates as well.

Customers of HDFC can now be able to borrow home loans up to Rs 30 lakh at 8.95 percent (8.90 percent for women) and loans above Rs 30 lakh but less than Rs 75 lakh at 9.10 percent (9.05 percent for women).

Housing Development Finance Corporation (HDFC) Ltd is a major lender in the housing finance sector in India providing loans to individuals and corporates for purchase or construction of residential properties. It is also into the business of selling general and life insurance along with mutual funds.

Read more about: hdfc
Story first published: Tuesday, January 1, 2019, 13:44 [IST]
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