Housing Development Finance Corporation (HDFC) Cuts Mortgage Rates to 6.7% During Holiday Season: Check Benefits


HDFC shares were last trading down 0.22% at Rs 2,737.35 each on BSE

Leading mortgage lender Housing Development Finance Corporation (HDFC) has announced a special limited-time holiday offer with the latest mortgage interest rates starting at 6.70%. As part of the holiday season offer, customers can qualify for 6.70% HDFC home loans from September 20, 2021, according to a regulatory exchange from the company to the exchanges today.

The Holiday Home Loan Offer will be applicable to all new loan applications regardless of loan amount or job category, and this special rate is linked to the credit score of the borrower. It is a closed program and will be valid until October 31, 2021, the leading housing finance company added in its statement on Tuesday, September 21. Customers can visit the official website -https: //www.hdfc.com/, to benefit from the mortgage loan at the current interest rate.

“Housing is much more affordable today than it has ever been before. Over the past two years, house prices have more or less stayed the same in major pockets of the country as income levels have increased. Record interest rates, PMAY subsidies and tax benefits have also helped, ”said Ms. Renu Sud Karnad, Managing Director of HDFC Limited.

On Tuesday, September 21, HDFC shares were last trading 0.25% at Rs 2,750.30 each on BSE. On Tuesday, HDFC opened on BSE at Rs 2,75.35, recording an intra-day high of Rs 2,765.55 and an intra-day low of Rs 2,730.05, during the trading session until now.

Recently, the State Bank of India – the largest lender in the country also lowered its mortgage interest rate to 6.70% regardless of the loan amount as part of a special offer for customers. during the end of year celebrations. Kotak Mahindra Bank has also cut the interest rate on its home loans to an all-time low of 6.5% as part of a limited-time offer that will run until November 8, 2021.

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