For women borrowers, loans up to Rs 3 mn will be available at 8.70% and above Rs 3 million at 8.8%
“HDFC has increased its Retail Prime Lending Rate (RPLR), on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 20 basis points, with effect from August 1, 2018,” the country’s largest mortgage lender said in a regulatory filing.
For women borrowers, loans up to Rs 3 million will be available at 8.70 per cent and above Rs 3 million at 8.8 per cent.
For other customers, the rate will be 5 basis points extra.
In in its third bi-monthly monetary policy statement for 2018-19, the Reserve Bank increased the short-term lending rate by 25 basis points to 6.50 per cent on inflationary concerns.
HDFC’s shares closed at Rs 1,932.65 apiece on the BSE, down 1.9 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Thu, August 02 2018. 23:36 IST
View Source: https://www.business-standard.com/article/pti-stories/hdfc-raises-lending-rate-by-20-bps-118080201436_1.html