HDFC cuts home loan rates
HDFC cuts home loan rates HDFC, India`s biggest home loan lender on Monday reduced interest rates on floating housing loans by 0.50%. The change comes into effect from Monday. The reduction will be on fresh loans and applicable to all disbursements up to October 31. However, there is no change in the fixed home loans rate, which remains at 13.25%. >The rate cut comes after HDFC (Q, N,C,F)* Chairman Deepak Parekh said on September 21 that the funding costs have come down. Shares of the company gained Rs 4.30, or 0.18%, to Rs 2,376.00. The total volume of shares traded were 36,178 at the BSE.(3.10 p.m, Monday).
