HDFC has reduced the home loan interest rate by 50 bps. magnified
A day after the RBI increased the repo rate by 50 basis points (bps), leading mortgage lender HDFC Ltd increased its retail prime lending rate (RPLR) on home loans – at which its adjustable rate home loan (ARHL) benchmark are – by 50 basis points.
HDFC said in a statement that the new rate would be effective from June 10, 2022. Now home loan rates on Mortgage Lenders start at 7.55%.