HDFC has reduced rates to 10.25 per cent for home loans up to Rs 20 lakh.
For home loans between Rs 20 lakh and Rs 75 lakh, the rate (floating interest rate) will be 11.25 per cent and rates for home loans above Rs 75 lakh (Rs 7.5 million) will be 11.25 per cent.
The fixed interest rate will be 14 per cent.
HDFC loan approvals during the six-month period ending September 30, 2008 amounted to Rs 24,180 crore (Rs 241.80 billion) as against Rs 18,948 crore (Rs 189.48 billion) in the corresponding period last year, representing a growth of 28 per cent.
Image: DLF residential project. | Photograph, courtesy: DLF
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