Reliance Capital has announced a 0.25 percent cut in its prime lending rates, effective for its home and commercial loans.
K V Srinivasan, CEO, Reliance Commercial Finance and Director Reliance Housing Finance said that “We are passing on the entire benefit that we have got from the banking system, to our customers. This is also in line with the RBI and Government’s focus to fuel growth by reducing interest rates.”
The applicability of the revised rates will be with immediate effect to the customers.
Moreover, the rate cut will also be applicable to the existing customers.