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Hudco cuts housing loan rates

HOUSING and Urban Development Corporation (Hudco) has reduced interest rates for its retail housing lending scheme, Hudco Niwas, by 1.25 per cent. The loans under the floating rate category will be available at 8.25 per cent for a maximum 25 years, and those under the fixed rate category at 8.25 per cent for five years and 8.5 per cent for up to 15 years.

BL Research Bureau

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