Days after State Bank of India extended its teaser home loan scheme, the country’s largest mortgage financier, Housing Development Finance Corporation (HDFC), followed suit.
The firm is now offering customers a fixed rate of 8.25 per cent up to March 31, 2011, 9.25 per cent for the period between April 1, 2011, and March 31, 2012, and the applicable floating rate for the balance term. The fixed rates are applicable for all new home loans irrespective of the loan amount.