Money & Banking

HDFC cuts lending rate by 0.15% for existing customers

PTI New Delhi | Updated on January 12, 2018 Published on January 19, 2017

Mortgage lender HDFC Ltd today slashed the lending rate by 0.15 per cent for its existing customers.

The company has reduced its retail prime lending rate (RPLR) by 0.15 per cent with effect from today, HDFC Ltd said in a statement.

The reduction in RPLR will also be applicable on loans to Non-Resident Indians (NRIs)/PIO’s card holders, it said.

It had already reduced the lending rate for new borrowers earlier this month. Interest rate on loans up to Rs 75 lakh was reduced to 8.7 per cent per annum, while for higher amount it came down to 8.75 per cent.

A woman applicant gets a discount of 0.05 per cent in interest rate.

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Published on January 19, 2017
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