HDFC hikes lending rate by up to 0.20 pc

MUMBAI: Largest mortgage player HDFC today upped its lending rates by up to 0.20 per cent, in line with similar moves by commercial banks.
The increase in the Retail Prime Lending Rate (RPLR), on which it benchmarks the Adjustable Rate Home Loans (ARHL), is effective from April 1, an official statement said.
A company spokesperson said the rate hike is progressive, between 0.05 per cent to 0.20 per cent, with the lowest hike applicable to the low-ticket size loan.
A loan for under Rs 30 lakh by a woman borrower, which is the lowest rate offered by the lender, will now be available at 8.40 per cent, the spokesperson said, adding for others it will be 8.45 per cent.
Loans between Rs 30 lakh to Rs 75 lakh will be available at 8.55 per cent for women borrowers and 8.60 per cent for others, while those above Rs 75 lakh will be for 8.65 per cent for women and 8.70 per cent for others. (AGENCIES)


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