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HDFC raises lending rate by up to 0.20%

HDFC has raised its lending rates by up to 0.20%.

As per an official statement, the increase in the Retail Prime Lending Rate (RPLR), on which it benchmarks the Adjustable Rate Home Loans (ARHL), is effective from April 1. The rate increase is progressive, between 0.05% to 0.20%, with the lowest increase applicable to low ticket size loan.

Loan by woman borrower under Rs.30 lakh, will be available at 8.40% which is the lowest rate offered by the lender, while for others it will be 8.45%. Furthermore, loans between Rs.30 lakh to Rs.75 lakh will be available at 8.55% for women borrowers and 8.60% for others, while those above Rs.75 lakh will be for 8.65% for women and 8.70% for others.

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