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Our Bureau

Mumbai , Dec. 14

DEVELOPMENT Credit Bank has announced a hike of 50 to 75 basis points in its mortgage products.

Mortgage products of the bank are for house purchase, construction, improvement and others.

It has hiked rates on fixed rate home loans by 75 basis points, the range of interest rates on various fixed rate products now lies between 8.25-13.50 per cent.

On the floating rate mortgage products, the rates have been increased by 50 basis points, leading to new rates in a range of 7.75-12.50 per cent, a press release said.

More Stories on : Financial Institutions | Interest Rates

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