Money & Banking

HDFC hikes home loans by 25 bps

Our Breau Mumbai | Updated on March 01, 2011 Published on March 01, 2011

Housing finance major HDFC Ltd has hiked home loans rates by 25 basis points for both new and existing borrowers with immediate effect. The company has hiked its retail prime lending rate (RPLR), on which its adjustable rate home loans are benchmarked, to 15.5 per cent from 15.25 per cent.

A press release issued by HDFC said the increase in RPLR is in line with the rates of interest in the economy, which have hardened due to rising inflation and shrinking liquidity in the domestic market.

With this, the total increase in HDFC's RPLR this financial year i.e. from April 2010 to date is 175 basis points, the release said.

HDFC had had hiked its rates earlier on February 1, by 25 basis points.

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Published on March 01, 2011
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