Housing Development Finance Corporation (HDFC), the premier housing finance company, has reduced its Retail Prime Lending Rate (RPLR) by 20 basis points, with effect from April 13, 2015. This reduction would benefit all customers.
The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs). The housing finance company has also revised its deposit rates.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
