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HDFC cuts prime lending rate by 15 bps; move to benefit home loan customers

The reduction in rate comes after the RBI provided a boost to the banking system through its policy measures and also introduced a targeted long term repo operation (TLTRO)

Home loans
The rate cut will benefit all existing HDFC retail home loan customers, the largest mortgage finance player said in a statement
BS Reporter Mumbai
1 min read Last Updated : Apr 21 2020 | 9:53 PM IST
Housing Development Finance Corp (HDFC) on Tuesday reduced its prime lending rate, on which its floating loan rates are benchmarked, by 15 basis points with effect from Wednesday.

The rate cut will benefit all existing HDFC retail home loan customers, the largest mortgage finance player said in a statement. The reduction in rate comes after the RBI provided a boost to the banking system through its policy measures and also introduced a targeted long term repo operation (TLTRO), which the banks used to buy papers issued by top rated firms, including HDFC. 

Topics :HDFCHome loans

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