HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

Following the RBI monetary policy committee’s (MPC) decision to raise the benchmark policy rate, mortgage lender HDFC Ltd has increased its home loan rates by 25 basis points, effective August 9, the firm said in a late-night exchange notification on Monday.

This is the second rate hike the mortgage lender has announced in quick succession. Last week also it had raised its home loan rates by 25 basis points. The mortgage lender has raised its rates by 140 basis points since May this year, thus passing on the entire rate hike done by the six-member MPC to the borrowers.

“HDFC