With effect from 06 October 2015
Housing Development Finance Corporation has announced a reduction in its Retail Prime Lending Rate (RPLR) by 25 basis points, with effect from 06 October 2015. This reduction would benefit all customers.The effective Home Loan rates for new customers would be 9.65% p.a. and for women will be 5 basis points lower at 9.60% p.a.
The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs)/ PIO's Card holders.
HDFC has recently made similar reduction in its deposit rates across all maturities.
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