Housing Development Finance Corporation (HDFC) has reduced its retail prime lending rate (RPLR) by 15 basis points (bps) for its existing customers, with effect from January 19, 2017. The reduction in the lending rate will also be applicable on loans to Non-Resident Indians (NRIs)/PIO’s card holders. HDFC offers home loans up to Rs 75 lakh to women customers at 8.65%, while at 8.70% to other customers.
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.
