Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden
2 weeks, 3 days ago

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden

Live Mint  

With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of real estate consultant Knight Frank India. “A rate cut could have boosted the real estate sector, particularly amidst slowing urban demand and moderation in wage growth," said Dhruv Agarwala, group CEO of Housing.com and Proptiger.com. "The apex bank’s decision… reflects a balanced and prudent approach to sustaining economic stability while fostering growth," said Pradeep Aggarwal, founder and chairman of Signature Global Ltd. “However, a rate cut in the future could infuse much-needed liquidity into the real estate sector, accelerating growth and enhancing accessibility for buyers." “Should the RBI decide to cut rates in the future, it could further spur residential real estate demand, making home ownership more affordable and attractive for buyers."

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History of this topic

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know
2 weeks ago

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know

India Today  

HDFC Bank has increased its marginal cost of funds-based lending rate on short-term tenures by up to 5 basis points, effective December 7, 2024. Introduced by the Reserve Bank of India in 2016 to replace the base rate system, MCLR reflects the actual cost of funds for banks. A lower MCLR means lower interest rates and EMIs, while a higher …

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief
2 weeks, 3 days ago

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief

India Today  

The Reserve Bank of India has decided to keep the key repo rate unchanged at 6.5% during its latest monetary policy review, held on Friday. MPC is committed to restoring inflation-growth balance in the interest of the economy.” IMPACT ON HOME LOANS The unchanged repo rate means that banks are unlikely to make any changes to their lending rates. Dr …

RBI keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief
2 weeks, 3 days ago

RBI keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief

Hindustan Times  

The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures means stable EMIs for homebuyers amidst rising housing prices. RBI Monetary Policy: The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures …

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry
2 weeks, 3 days ago

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry

New Indian Express  

NEW DELHI: The real estate industry players and other stakeholders have largely welcomed the Reserve Bank of India's decision to maintain the repo rate at 6.5 per cent, adding that the stability in the policy rate will promote market confidence by giving developers and homeowners. On Friday, RBIs MPC decided to keep the repo rate unchanged at 6.5 per cent …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

HDFC Bank raises MCLR lending rates for THESE tenures; check here
1 month, 2 weeks ago

HDFC Bank raises MCLR lending rates for THESE tenures; check here

Live Mint  

HDFC Bank on Thursday raised its marginal cost of lending based rates by 5 basis points across three tenors. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which is 5 basis points higher than the earlier rate. The lending rates for other tenures i.e., 3 months, …

HDFC Bank posts a street-beating 5% growth in net at Rs 16,820 crore
2 months ago

HDFC Bank posts a street-beating 5% growth in net at Rs 16,820 crore

New Indian Express  

In the reporting quarter, gross advances rose 7 percent to Rs 25.19 trillion, and the chief financial officer refused to offer a guidance on any key numbers but said "we are focused growth at any cost but only quality growth. Retail loans grew 11.3 percent and commercial and corporate book clipped at 17.4 percent, Vaidyanathan said, adding however, corporate and …

HDFC bank sells $717 million of home loans to reduce credit book
2 months, 3 weeks ago

HDFC bank sells $717 million of home loans to reduce credit book

Hindustan Times  

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees, seeking to further lighten its credit load amid regulatory pressures on the industry. The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Rate cuts set to boost market confidence
2 months, 4 weeks ago

Rate cuts set to boost market confidence

China Daily  

China's top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that the …

Housing market hopeful of mortgage rate cuts
3 months, 1 week ago

Housing market hopeful of mortgage rate cuts

China Daily  

A bank employee addresses customer queries on home loans in Haian, Jiangsu province, in July. XU JINGBAI/FOR CHINA DAILY China's housing market expectations for a further decline in existing mortgage rates have turned stronger, real estate industry observers said on Wednesday. Zou Lan, head of the monetary policy department of the People's Bank of China, said during a news conference …

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here
4 months, 1 week ago

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here

News 18  

Home Loan Interest Rate Comparison 2024: Navigating the home loan market can be challenging, especially with interest rates that can fluctuate and significantly affect your long-term financial plans. Home Loan Interest Rate Comparison Below is the list of floating interest rates of various banks; SBI Home Loan Interest Rates The State Bank of India offers multiple options for home loans. …

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector
4 months, 2 weeks ago

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector

Hindustan Times  

The Reserve Bank of India’s decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with the August 7 announcement on indexation benefits on sale of property. With interest rates staying steady, EMIs will remain manageable for current and potential homeowners, potentially leading to increased home sales particularly in the price-sensitive affordable segment, said real estate …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
4 months, 2 weeks ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore
5 months ago

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore

ABP News  

HDFC Bank, India's largest private sector lender, announced a 35 per cent year-on-year growth in net profit to Rs 16,175 crore for the quarter ending June 2024, supported by robust net interest income and reduced provisions. However, compared sequentially, the lender's net profit declined by 2 per cent from Rs 16,511.85 crore in Q4FY24, primarily due to slower income growth …

RBI Policy review: Unchanged interest rates expected to have a stabilizing effect on the real estate sector, say experts
6 months, 2 weeks ago

RBI Policy review: Unchanged interest rates expected to have a stabilizing effect on the real estate sector, say experts

Hindustan Times  

As expected, the Reserve Bank of India left its key interest rates unchanged on June 7. Realtors said the decision to keep the repo rate unchanged in the latest monetary policy review is expected to have a stabilizing effect on the real estate sector. This, say real estate experts, augurs well for homebuyers and developers The Monetary Policy Committee, consisting …

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
8 months, 2 weeks ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

RBI repo rate decision: What will be impact on home loan EMIs
8 months, 2 weeks ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here
8 months, 3 weeks ago

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here

Hindustan Times  

HDFC Bank increased its repo-linked home loan interest rates by 10-15 basis points to a range between 9.05 percent to 9.8 percent in March. Other major private and public sector banks also offer home loans at interest rates ranging from 8.70 per cent to 10.05 per cent. ICICI Bank offers interest rates for home loans with range from 9 per …

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31
9 months ago

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31

ABP News  

The Bank of India, a public sector lender, announced on Tuesday a notable adjustment in its new home loan interest rates, reducing them from 8.45 per cent to 8.3 per cent. Bank of India proudly asserted that at the reduced rate of 8.3 per cent, it stands as the institution offering the lowest rate among its counterparts in the industry. …

Significant interest rate cuts, just what the market needs
10 months ago

Significant interest rate cuts, just what the market needs

China Daily  

This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. China's central bank announced the largest cut to a benchmark mortgage rate in recent years on Tuesday, lowering the over-five-year loan prime rate by 25 basis points to 3.95 percent. In 2023, the central bank introduced a series of rate cuts, lowering …

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%
10 months, 2 weeks ago

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

Hindustan Times  

The real estate sector has welcomed the Reserve Bank of India’s decision to keep the repo rates unchanged at 6.5%, saying given that housing prices have risen across most cities in the last one year, this breather by the apex bank gives a distinct advantage to homebuyers as it allows them to continue enjoying low interest rates and improves their …

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets
1 year ago

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets

ABP News  

The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. Overall, at the margin, policy seems to be positive for markets.” RBI Decision Helpful For Housing Market Another analyst, Anuj Puri, Chairman, Anarock Group, noted that the regulator opted to keep the rates …

Time to celebrate
1 year, 1 month ago

Time to celebrate

The Hindu  

In India, the festive season that starts from October is marked by a windfall for housing sales. As per Anarock data in the seven major metros, housing sales crossed 88,000 units during the extended festive quarter in 2022. Though the overall market is still skewed towards the affordable and lower-middle-income segments, the premium categories are also growing at an accelerated …

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here
1 year, 2 months ago

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here

Live Mint  

Home loan interest rates have increased from around 6.5% to 8.5% in the last two years. At the time of interest rate change, the borrower to choose whether to increase EMI or loan tenor: Earlier, whenever the interest rates on home loans went up, banks increased the loan tenor. The framework will require the bank to inform the borrower at …

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here
1 year, 2 months ago

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here

Live Mint  

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates by up to 10 basis points on select tenures. HDFC Bank loan interest rates After the latest hike, HDFC Bank's overnight MCLR is now 8.60%. HDFC Bank's Marginal Cost Of Funds-Based Lending Rates effective 7 October 2023 Overnight 8.60% 1 Month 8.65% 3 Month 8.85% …

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC
1 year, 2 months ago

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC

ABP News  

HDFC Bank's approved home loans amounting to Rs 48,000 crore during the July-September quarter of the financial year 2023-24. In the second quarter, the bank's retail loan portfolio saw an 85 per cent surge compared to the previous quarter and a significant 111.5 per cent increase over the same period last year. This reflects a 4.9 per cent increase over …

High home loan rates hit affordability; Mumbai becomes unaffordable: Report
1 year, 4 months ago

High home loan rates hit affordability; Mumbai becomes unaffordable: Report

Live Mint  

The increase in interest rates on home loans has affected the affordability of residential properties across India between January-June this year, according to Knight Frank India. The index showed that higher home loan rates have reduced affordability across all markets so far in 2023. As per Knight Frank's report, the hike in repo rates by 250 basis points from May …

HDFC, ICICI, Canara among five banks that have hiked lending rates this month
1 year, 4 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint  

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

HDFC Bank’s Q1 is healthy; merger synergies to ease margin pressure
1 year, 5 months ago

HDFC Bank’s Q1 is healthy; merger synergies to ease margin pressure

Live Mint  

HDFC Bank Ltd’s business update or the June quarter indicates a healthy year-on-year loan growth of 15.8% to ₹16.15 trillion, mostly driven by its retail loan book, which rose by 20% y-o-y. However, sequential growth was just 0.7%, suggesting that HDFC’s slower loan book growth during the quarter might be the cause. “The NIM is expected to be under pressure …

Buy vs rent: HDFC CEO confident on India’s growing real estate demand in future
1 year, 6 months ago

Buy vs rent: HDFC CEO confident on India’s growing real estate demand in future

Live Mint  

As the perpetual debate of buy vs rent in India is nowhere to end, HDFC head, Keki Mistry, expressed his confidence in the boost in housing demand led by India's young population in the coming years. In his recent interview with Financial Times, the HDFC CEO, said that India's young population will propel the demand for housing for years to …

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here
1 year, 8 months ago

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

Live Mint  

HDFC Bank, one of India's leading banks, has recently announced a reduction in its Marginal Cost Based Lending Rate for specific tenures by up to 85 basis points. The overnight MCLR has been reduced by 85 basis points, now standing at 7.80 per cent compared to the previous rate of 8.65 per cent. Additionally, the one-month MCLR has been lowered …

RBI repo rate pause brings relief to home buyers, real estate sector
1 year, 8 months ago

RBI repo rate pause brings relief to home buyers, real estate sector

Hindustan Times  

Mumbai: After six consecutive hikes, the Reserve Bank of India’s decision on Thursday to keep the repo rate of 6.50 per cent unchanged came as a huge relief to the real estate industry as well as home buyers paying back home loans. I am trying to sell my flat, but with the rising interest rates, buyers seem to be delaying …

Rising interest rates have put some borrowers in trouble, but the RBA says the banks will be fine
1 year, 8 months ago

Rising interest rates have put some borrowers in trouble, but the RBA says the banks will be fine

ABC  

A significant group of borrowers are at serious risk of default, but Australian banks will be able to comfortably survive any losses, argues the Reserve Bank. Key points: Around 15 per cent of borrowers are forecast to have "negative spare cash flow" About 9 per cent of borrowers are expected to run out of savings buffers by the middle of …

Low-cost homes hit by rate hike spree
1 year, 9 months ago

Low-cost homes hit by rate hike spree

Live Mint  

Fewer customers are taking out loans to buy so-called affordable homes after several back-to-back interest rate hikes, with demand slackening sharply in the last few months, according to senior bankers and data analyzed by State Bank of India’s research wing. Bankers said moderating demand is the intended consequence of the Reserve Bank of India trying to slow stubbornly high inflation …

HDFC offers 8% interest rate on these fixed deposits (FDs) to senior citizens
1 year, 9 months ago

HDFC offers 8% interest rate on these fixed deposits (FDs) to senior citizens

Live Mint  

Mortgage lender HDFC has introduced ‘Diamond deposits’ for senior citizens with interest rate of 8% p.a. Most of the popular banks including the State Bank of India, ICICI Bank and HDFC Bank offer special fixed deposit schemes, especially for senior citizen depositors. HDFC has also increased its retail prime lending rate by 25 basis points to a minimum of 9.20 …

HDFC & ICICI Bank Hike Interest Rates On FDs As RBI Increases Repo Rate
1 year, 10 months ago

HDFC & ICICI Bank Hike Interest Rates On FDs As RBI Increases Repo Rate

News 18  

HDFC Bank has increased the interest rate on specific fixed deposits to less than Rs 2 crore. For the general public, HDFC Bank provides interest rates ranging from 3% to 7.10% and from 3.50% to 7.60%, whereas, for people over 65, the new interest rates for term deposits in HDFC Bank came into effect on February 21, 2023. On the …

Which bank provides the most affordable home loans? Check out rates from SBI, HDFC, PNB, BoB
1 year, 10 months ago

Which bank provides the most affordable home loans? Check out rates from SBI, HDFC, PNB, BoB

India TV News  

Home Loan Rates: The Reserve Bank of India decided to raise the Repo Rate by 25 basis points on February 8, prompting many banks to raise interest rates on personal, car, and home loans. If you intend to take out a home loan during this time, you must be fully aware of the interest rates and processing fees charged by …

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB
1 year, 10 months ago

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

ABP News  

India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …

Realtors see rise in home loan rates; demand for affordable, lower-to-mid-income housing may be hit
1 year, 10 months ago

Realtors see rise in home loan rates; demand for affordable, lower-to-mid-income housing may be hit

The Hindu  

The RBI's decision to raise the repo rate by 25 basis points will result in an increase in interest rates on home loans and may impact demand for affordable and lower mid-income housing segments, according to property developers and consultants. The impact of the increase on home loan interest rates would be a deterrent in the affordable housing segment, he …

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment
1 year, 10 months ago

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment

ABP News  

As the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 per cent, the interest rate on home loans is expected to increase. "With repo rates now at 6.5 per cent, there could be some repercussions on housing uptake as home loan interest rates will head further north. When the central …

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt
1 year, 11 months ago

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt

ABP News  

The real estate sector exhibited a strong growth in 2022 after the decline in the pandemic and is now hopeful of continuing the upward trajectory. Across the nation, real estate developers are primarily expecting support in terms of higher tax exemption on the home loan interest under Section 24 up to Rs 5 lakhs from an existing Rs 2 Lakhs …

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments
2 years ago

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments

ABC  

As COVID hit and the Reserve Bank cut interest rates to record lows to stimulate the economy, Aaron Doull and his wife Saori took out an $850,000 loan to buy their first home. "We talk about exit strategy most of the time," Mr Weldemariam says, referring to the advice he's giving his clients who are struggling with rate rises. Like …

Home Loan EMIs: A 150-250 bps Hike In Interest Rates Leads To Installments Go Up By 8-21%
2 years, 1 month ago

Home Loan EMIs: A 150-250 bps Hike In Interest Rates Leads To Installments Go Up By 8-21%

News 18  

An increase of 150-250 basis points in interest rates may lead to EMIs going up by 12-21 per cent in the case of prime home loans and 8-13 per cent in the case of affordable home loans while maintaining the original tenure, according to a report by rating agency ICRA. In the case of affordable home loans, the extension of …

HDFC Bank Hikes FD Interest Rates by Up To 50 bps; Second Time Within A Month
2 years, 1 month ago

HDFC Bank Hikes FD Interest Rates by Up To 50 bps; Second Time Within A Month

News 18  

Raising for the second time this month, India’s largest lender HDFC Bank has hiked the interest rates on fixed deposits below Rs 2 crore. On fixed deposits maturing in 61 days to 89 months, the latest interest rate is 4.50 per cent, compared with 4 per cent earlier. On a tenure of 90 days to 6 months, the latest interest …

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock
2 years, 2 months ago

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock

ABP News  

The Reserve Bank of India’s Monetary Policy Committee on Friday raised the repo rate by 50 basis points for the fourth time in a row. As commercial banks link their retail loans to repo rate, the hike in rates will increase interest rates, making home loans costlier. Anarock in a statement on Friday said that with this repo rate hike, …

The buyer may wait a little longer
2 years, 4 months ago

The buyer may wait a little longer

The Hindu  

The RBI has increased repo rate by 50 bps, the third consecutive rate hike in the last two months, thus signaling an end to the all-time low-interest rates regime. On the other hand, while real estate market faces an imminent trickle-down effect of the repo rate, it is equally important that the economy continues to grow in a stable and …

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out
2 years, 4 months ago

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out

News 18  

The Reserve Bank of India has increased the repo rate by 50 basis points to 5.4 per cent on August 5. India’s central bank has also remained focused on withdrawal of accommodative stance to maintain inflation within the target while supporting growth.”RBI’s decision to raise the repo rate is in response to the headwinds being faced by Indian economy including …

HDFC Hikes Retail Prime Lending Rate On Home Loans; Loans, EMIs To Become Costlier
2 years, 4 months ago

HDFC Hikes Retail Prime Lending Rate On Home Loans; Loans, EMIs To Become Costlier

News 18  

HDFC has increased its retail prime lending rate on housing loans with effect from Monday, which will make loans costlier for both new and existing borrowers, including equated monthly instalments. Its adjustable rate home loans are benchmarked on RPLR by 25 basis points. “HDFC increases its Retail Prime Lending Rate on Housing loans, on which its adjustable rate home loans …

HDFC hikes lending rate by 25 bps; home loan to be costlier
2 years, 4 months ago

HDFC hikes lending rate by 25 bps; home loan to be costlier

India TV News  

HDFC hikes lending rates: Mortgage lender HDFC Ltd on Saturday increased its benchmark lending rate by 25 basis points, a move that will make loans dearer for both existing and new borrowers. The rate hike comes ahead of the RBI's Monetary Policy Committee meeting later next week. "HDFC increases its Retail Prime Lending Rate on housing loans, on which its …

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