the smart investor newspaper: HDFC raises home loan rates by 25 bps from Monday

the smart investor newspaper: HDFC raises home loan rates by 25 bps from Monday

the smart investor newspaper,  Under-construction houses of HDFC will be available for a mortgage with a rate of 8.65 percent, up by 25 bps from Monday. Homes with higher ceilings, energy efficiency, a spacious interior, and a view of the city will also be eligible for higher rates. the smart investor newspaper, From Monday, 

the smart investor newspaper: HDFC raises home loan rates by 25 bps from Monday
the smart investor newspaper: HDFC raises home loan rates by 25 bps from Monday

business-standard paper, HDFC will offer its entire mortgage portfolio at loans of up to Rs 75 lakh. The loans would be available from HDFC’s 29 branches, two premium branches, one non-standard branch, and HDFC’s online portal. business-standard paper,  HDFC started offering mortgages in April 2009 and has a nearly 14 percent share in the industry.

business-standard today's newspaper,  The mortgage fund-based component of HDFC’s business increased to 36 percent last year, from 26.7 percent in 2013, while its private loan portfolio saw a 55 percent rise in the same time period. business-standard today's newspaper,  

top headlines of business standards today,

(Read: HDFC raises home loan rates, hikes mkt exposure by Rs 1.76 lakh crore)

“top headlines of business standards today, The fund-based loan portfolio has grown in the last five years and the percentage of home loan fund-based loans has increased from 24 percent to nearly 36 percent over the same time period,”“top headlines of business standards today, Aniruddha Haldar, executive vice president, HDFC, said.

business-standard news headlines, With a rapid pace of sales over the last year, home loans have been a huge part of HDFC’s loan portfolio, which has grown by almost a fifth, in value,business-standard news headlines over the last five years. In 2012, the mortgage portfolio grew by an of the overall income at Mortgage lender HDFC has raised its home loan rates by 25 basis points to 10.35 percent for retail borrowers.

business-standard Bangalore, The mortgage lender has raised home loan rates by 25 basis points from 10.30 percent to 10.35 percent from Monday, the company said in a regulatory filing to the stock exchanges. Home loans of over Rs 30 lakh will be charged a higher interest rate of 10.35 percent. business-standard Bangalore, 

the smart investor newspaper: HDFC raises home loan rates by 25 bps from Monday

business-standard paper Delhi and Home loans of Rs 30 lakh and up to Rs 35 lakh will attract an interest rate of 10.35 percent. It will be 10.35 percent up to Rs 40 lakh and will be 8.65 percent up to Rs 50 lakh, and 9.35 percent up to Rs 75 lakh. Home loans of borrowers above Rs 75 lakh will be charged a rate of 9.45 percent. business-standard paper Delhi, These home loan rates are applicable from Monday. The last change in interest rates in the home loan category took place in December 2015.

smart investor financial services, The rates for the other loans that HDFC offers will remain unchanged at 9.60 percent for home loans up to Rs 75 lakh. Another mortgage lender Indiabulls Finance Company had earlier raised its home loan rates by 25 bps to 8.65 percent effective Monday. smart investor financial services, 

business newspaper English, and Rates of housing loans up to Rs 30 lakh were also hiked by HDFC earlier. In a statement to stock exchanges, HDFC said that it has raised interest rates following a marginal change in the base rate of the Reserve Bank of India. The decision was taken in the business newspaper English"interest of the stakeholders".

breaking business news India, According to HDFC, the central bank has raised its benchmark rate by 25 bps since January 2015 to 6.25 percent. By changing the interest rates, banks are following the rate trend of the central bank. breaking business news India, According to HDFC, rates will now be higher by 0.25 percent compared to HDFC's previous rate of 10.30 percent.

smart investor portfolio, Rates of home loans have been on an upward trend since the beginning of the year. Last month, the benchmark rate of home loans in the top lenders also went up. The rate for the State Bank of India home loan went up by 25 bps to 9.90 percent from 9.75 percent in December. smart investor portfolio, 

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