HDFC LTD on Tuesday slashed its lending rate by 15 basis points.This move comes after a few market lenders, including the country's biggest lender SBI has reduced their lending rate.
"HDFC reduces its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are bench marked, by 15 basis points (bps), with effect from April 22, 2020," the company said in a statement.
New rates will now range between 8.05-8.85 per cent. The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.
Date: 21/4/20 Information by : Sources
"HDFC reduces its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are bench marked, by 15 basis points (bps), with effect from April 22, 2020," the company said in a statement.
New rates will now range between 8.05-8.85 per cent. The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.
Date: 21/4/20 Information by : Sources
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