Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.