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Thursday, Jan 15, 2004

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Money & Banking - Housing Finance


IDBI Home Fin cuts loan rates

Our Bureau

MUMBAI: IDBI Home Finance Ltd (IHFL) has cut home loans rates by 0.25 per cent across all maturities.

The revised variable rate for loans up to five years would be 7.5 per cent, above five years and up to 10 years eight per cent and above 10 years and up to 15 years 8.25 per cent and above 15 years up to 20 years at 8.5 per cent, IHFL said in a release here. The new rates have been effective from January 9.

The IHFL Managing Director, Mr Melwyn Rego, said the company would position itself as a new generation housing finance company .

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