Housing Development Finance Corporation (HDFC) has increased its retail prime lending rate (RPLR) by 10 basis points (bps), making housing loans costlier for new borrowers. The new rates range from 8.90 to 9.15% on various slabs of loans. The company has increased its RPLR, on which its adjustable rate home loans are benchmarked, by 10 bps with effect from January 1, 2019.
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.