Housing Development Finance Corporation (HDFC), the country’s premier housing finance entity has increased its Retail Prime Lending Rate (RPLR) by 10 basis points (bps) to 16.75% per annum with effect from December 1.
With this increase, the housing finance company’s interest rates on home loans of up to Rs 30 lakh will go up to 10.50% per annum while for loans amounting more than Rs 30 lakh, the rate will now be 10.75% per annum. This is the first rate increase by the firm since it had hiked it by a similar amount on August 24.
HDFC is India’s premier housing finance entity in existence for over 35 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services.
