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Time Period: One can get a home loan for between a period of 1 year and 30 years. Credit Score Requirement: If the credit score is 800 then the person can get a home loan at an interest rate of 7.65%.
India's top housing finance firm HDFC Ltd said it would raise its retail prime lending rate on home loans by 30 basis points with effect from May 9, according to an exchange filing on Saturday.
Housing Development Finance Corporation on Wednesday reduced home loans interest rates by 5 basis points to 6.75%. The changes will be effective from 4 March, the company said in a regulatory filing.
HDFC said that the Retail Prime Lending Rate on housing loans will become costlier by 5 basis points. The hike will be effective from May 1.
Home loan interest rates have gone up from 7% to 9.5% since the RBI raised the repo rate, the key lending rate, by 250 basis points between May 2022 and February 2023.
Housing loans about ₹75 lakh will attract an interest rate of 7.45% compared with 7.15% earlier. Women borrowers will pay 5 bps less. Published - May 07, 2022 07:29 pm IST ...
Major lender Housing Development Finance Corporation (HDFC) decided to cut its home loan interest by 5 basis points (bps) to 6.75% on Wednesday.
HDFC's interest rate for woman borrowers on loans up to Rs 30 lakh will now stand revised at 7%, on loans between Rs 30 to Rs 75 lakh at 7.3%, and loans above Rs 75 lakh at 7.4%.