Indiabulls Housing Finance, a private sector mortgage lender, has reduced home loan rates by a tad 0.15% to 10.25%. The new rate is applicable on loans under Rs 25 lakh and will remain in force till November 30.
The company is the first private lender to slash rates and has taken this step following in the footsteps of state-run banks who have slashed lending rates to woo customers during the ongoing festive season.