This offer are going to be applicable to all or any new loan applications regardless of the loan amount or employment category, HDFC said
Housing Development Finance Corporation (HDFC), India’s premier housing nondepository financial institution , today unveiled its special limited period offer for the upcoming festival season. Under this special offer, customers can avail of HDFC home equity credit starting at 6.70% effective 20th September 2021. This offer are going to be applicable to all or any new loan applications regardless of the loan amount or employment category. The special rate is linked to the borrower’s credit score. this is often a close-ended scheme and can be valid till 31st October 2021.
“We are pleased to announce the special home loans rates for the upcoming festive season. i’m sure that this offer will help prospective House buyers to understand their house buying a dream and convey festive cheer. Housing is far cheaper today than it ever was. within the last few years, property prices have more or less remained an equivalent in major pockets across the country while income levels have gone up. Record low-interest rates, subsidies under PMAY and therefore the tax benefits have also helped.” said Renu Sud Karnad, director , HDFC Ltd.
According to its website, HDFC is currently offering home equity credit interest rates ranging from 6.75%* p.a Several banks within the country have cut their home equity credit rates with the onset of the festive season so as to form housing cheaper . Last week, depository financial institution of India (SBI), Punjab commercial bank (PNB), Bank of Baroda (BoB), and personal lender Kotak Mahindra Bank announced a slew of offers on home loans.
“We are pleased to launch the festive offer for our prospective home equity credit customers. Generally, the concessional interest rates are applicable for a loan up to a particular limit and also are linked to the profession of the borrower. This time, we’ve made the offers more inclusive and therefore the refore the offers are available to all or any segments of borrowers regardless of the loan amount and the profession of the borrower. The 6.70% home equity credit offer is additionally applicable to balance transfer cases. We believe zero processing fees and concessional interest rates within the festive season will make homeownership cheaper ., C.S. Setty, director (Retail & Digital Banking), SBI said An HDFC home equity credit customer can choose from two sorts of rate of interest options while availing of a home equity credit .
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