BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, October 5, 2015

HDFC cuts home loan rates to 9.65%


After big banks cuttingbase rate, housing finance company HDFC (Housing Development Finance Corporation)has cut its retail primelending rate by 25basis points with the effective home loanrate at 9.65 per cent.

The effective home loanrates for new customers would be 9.65 per cent pa and for women will be 5 basis points lower at 9.60% pa, HDFC said in a statement.

Effective from October 06, this reduction would benefit all customers, it added.

At present, SBI stands at the lowest base rate of 9.30 per cent. However, effective home loan rates stand at 9.50 per cent. ICICI bank and HDFCbank’s base rate are at 9.35 per cent each, while Axis Bank’s base ratestands at 9.50 per cent.

Recently, HDFC also reduced its deposit rates in similar range across all maturities.

The reduction in the rates will also be applicable on loans to Non-Resident Indians (NRIs)/ PIO's card holders.

Top banks responded to the RBI’s key policy rate cut by passing on the benefit to customers in the range of 20-40 bps.

No comments:

Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">