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HDFC Introduces Special Home Loan Scheme at 8.25%
December 02, 2009: The largest housing finance major— HDFC has fallen in line with State Bank of India. The company has introduced a special home loan scheme at 8.25% fixed up to March 2012, reports CNBC-TV18’s Gopika Gopakumar.
The new home loan scheme is fixed at 8.25% up to March 2012. Thereafter, the company will fixed the home loan at the floating rate for the balance term. The new scheme will be applicable to all customers, who will take this loan before January 2010. The disbursement will have to be taken before March next year.
The company says there is ample liquidity in the system and the company has been able to bring down its borrowing cost. Therefore, it’s passing on the benefit to the other customers. HDFC has also introduced a special scheme for those customers who are ready to move into new property. But with this rate cut, HDFC’s rate is still not lower than SBI’s and LIC Housing Finance’s rate.
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