HDFC, the premier housing finance company, has reduced its Retail Prime Lending Rate (RPLR) by 25 basis points (bps), with effect from October 06, 2015. This reduction would benefit all customers. The effective Home Loan rates for new customers would be 9.65% per annum and for women will be 5 basis points lower at 9.60% per annum.
The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs)/ PIO’s Card holders. The company has recently made similar reduction in its deposit rates across all maturities.
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.
