NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

HDFC sets upright Home Loan Rates

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
Promptly, owing a castle home in India will be lightly mighty as Housing Development loans Finance Corp (HDFC) has raised the interest rates on home loans for its existing and new home loan shoppers. With consequences from March 1, 2007, the floating rates have gone up by 75 basis points while interest rates for purchasers seeking fixed home loans have been upgraded by 100 basis points from 11 percent to 12 percent. With out regard to, HDFC’s modified PLR will be 13.5 percent against 12.75 per cent. One basis point is one-hundredth of a percentage point.
The hike in the interest rates is the fallout of central bank petition to banks to set aside more cash to cover their deposits, which saw banks like State Bank of India (SBI), ICICI and PNB banks set upright their interest rates. The welfare slowed to 6.05 percent around February 17. The central bank also told banks to double provisions for lending to real estate purchases, credit cards, and personal loans and investments, to reduce asset prices.
Primitively this year, HDFC had raised its PLR by 50 bps anyhow had left its natural fixed lending rates safe and sound at 11 per cent. The floating rate started at 9.5 per cent till 10.5 per cent depending on the loan amount. And on Feb 12, HDFC Bank, which is 22 percent, retained by HDFC, set upright its lending rates by one percentage point to 14 percent. Its home loans rates interchange in agreement with the amount one is seeking and its term. One will have to compensate an interest rate of 10.5 percent if the loan amount is below 5 lakh.
Considering that, if someone goes for a loan for anything above Rs.10 lakh then he will end up compensating an interest rate of 10.5 percent. Not only that, HDFC has also set upright its deposit rates under a boon schema where it offers 9.55 percent to elder denizens of the nation if they deposit their money for a term of 30 months.
Source: NIMMA BENGALURU

Property Listings

Apartments, Flats and Property for Sale in Mumbai

Sep 21, 2016
2 BHK APARTMENT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar , Navi Mumbai. # Sector : 20 # Area : 1055 sq ft # Cost :..
Sep 14, 2016
For Sale – Spacious 1 BHK Flats in Prime Location of Borivali East Project : Triveni, a project by Atul Corporates. Structure comprises of..
Sep 08, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 # Parking..
Aug 28, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 #..
Aug 27, 2016
For Sale – Luxurious 3 & 4 BHK Flats in Prominent Location of Matunga East Mody Kunj in Matunga East, near Kings Circle is a..
Aug 17, 2016
# Location : Kharghar , Navi Mumbai. # Area : 1000 sq ft # Cost : 8500000 # Parking : 1 Covered # Bed : 2 Bedroom # Balcony : 2 balcony #..
Jul 25, 2016
Primo is one of the residential developments of Ceear Realty, located in Mumbai. The project is designed by Architect Hafeez Contractor. It offers..
Apr 06, 2016
This 1 bhk flat is a specious flat with all modern amenities like gym, Swimming pool, Children play area etc.This flat has a west facing and a..
spacer

Apartments, Flats and Property for Rent in Mumbai

Sep 02, 2016
2 BHK SPACIOUS FLAT FOR RENT AT KHARGHAR – NAVI MUMBAI. # Location : Kharghar. # Sector : 18, (near to central park, golf course and ..
Aug 12, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 635 sq ft # Rent : 10000 # Deposit : 40,000 # Parking : open # Balcony : balcony #..
Aug 11, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 835 sq ft # Rent : 13000 # Deposit : 50,000 # Parking : open # Balcony : balcony #..
Jun 23, 2016
1 BHK flat for rent at kharghar Location : sector - 12 Area - 559.00 Rent - 15000 Station, mall, colleges at reachable..
Jun 21, 2016
Amazing flat at kharghar for sale..
Jun 04, 2016
A spacious and unfurnished 1 bhk apartment for rental in mayuresh residency situated opp. Asian paints, Lbs marg, Bhandup west. This flat is..
Dec 09, 2015
Fully Furnished Condo in Royal Palms, Goregaon East. Area : 344 sq.ft., Rent : Rs.11000/-, Deposit : Rs.30000/-, Flat is on 3rd floor out of 7..
Oct 15, 2015
Unfurnished Property Description Elegantly unfurnished 1 bhk apartment in luxurious and excellent apartment makes a definitive statement in..
spacer
spacer
spacer
spacer
spacer