Housing Development Finance Corporation (HDFC) has offered home loans to women borrowers at 9.85 per cent, to make its loan pricing at par with that of rivals State Bank of India and ICICI Bank. The product, christened ‘Women Power’, offers the differentiated rate of interest for women borrowers, as against 9.90 percent charged for other borrowers.
The loan will be subject to conditions like the woman being sole or joint owner of the property. Additionally, the loans for new homes, furnishing and for extending the existing debt will be available at 9.85 per cent while plot loans will come at 9.90 per cent.
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.
