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HDFC Bank revises housing loans

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As per the sources available with www.propertykhazana.com, State Bank of India (SBI) the country’s leading lenders has widened its schemes related to the housing loans. Even HDFC Bank has commenced the product in a new-fangled avatar with the higher rates and also it is the country’s leading housing fiscal company. It has raised the rates slightly under its double price home loan scheme after declaring the revised prices and sees a clear sign of solidifying the interest prices which also impacts on the special home loans. Once the tax benefits are taken into the account then the real boost in EMI will work out for Rs. 110 and the monthly EMI will be hiked to Rs. 10 Lakhs loan by Rs. 155 because of boost in prices by 25 bps.
Sources claiming at www.propertykhazana.com reveals that, HDFC Bank’s binary rate home loan-4 will be offered at fixed price of 8.5% per annum till March 31st 2011 and 9.5% pa will be in between April 1st 2010 and March 31st 2012. This offer is available to all the new clients who will apply for home loan on or before 30th September and they get their loans sanctioned before 31st October. Loans rendered by the HDFC are slightly higher than compared with SBI because SBI had offered 8% for 1st year and 9% for 2nd and 3rd years respectively. HDFC again restarted the teaser prices on its home loans in the month of July by giving a fixed price of 8.25% till the March 2011 and 9.25% for the next 12 months for the customers.
Source: NIMMA BENGALURU

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