Dewan Housing Finance Corporation (DHFC), one of the leading housing finance companies in India, has unveiled a short-term corporate deposit scheme, which offers interest rates ranging from 7.55% to 8.40%, depending on the tenure. The minimum deposit under the scheme, which is targeted to meet the short-term investment requirements of corporate customers and is available only to public and private limited companies registered under the Companies Act, is Rs10 lakh.
Meanwhile, the company is planning to further raise share of retail deposits in overall fund to 10% this fiscal as part of its strategy to diversify the sources of borrowings. The company is also planning to raise Rs 25,000-27,000 crore this year to fund loan growth.
Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.
