Sundaram BNP Paribas Home Finance, the joint venture (JV) firm between non-banking finance company Sundaram Finance and BNP Paribas Securities, has reduced the prime lending rate by 25 basis points (bps) with immediate effect. The new interest rates on home loans are offered at 9.65% per annum.
The rate cut has been triggered by the Reserve Bank revising downward its benchmark short-term lending (repo) rate by 0.50% in its fourth bi-monthly monetary policy review late last month.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation. Sundaram Finance holds 51% stake in the JV while BNP Paribas Securities Services has the remaining 49%.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 939.45 |
| Shriram Finance | 1045.65 |
| Aditya Birla Capital | 344.60 |
| Chola Invest & Fin. | 1588.55 |
| Tata Capital | 334.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: