Dewan Housing Finance Ltd (DHFL) has cut its home loan rate to 9.90 per cent from 10.15 per cent. This interest rate cut is effective from April 15.
Kapil Wadhawan, CMD, DHFL, said the reduction in the interest rate to 9.90 per cent is to enable home ownership in tier-2 and 3 towns for each and every Indian, especially in the low and middle-income segment.
In the last few days, a host of lenders, including HDFC, State Bank of India, and ICICI Bank have announced cuts in their home loans rates.