April 20, 2024 20:50 (IST)
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DHFL cuts home loan rates
Mumbai, Oct 7 (IBNS): DHFL, a housing finance company, on Wednesday announced a reduction in its Retail Prime lending rate by 20 bps. DHFL has also reduced rates for its new customers and the rate will now start from 9.65%.
Additionally DHFL has also announced a festive season offer whereby it will be providing a promotional rate of 9.55% (further 10 bps reduction from its new rate) to its new customers for loans upto Rs. 25 lakhs. This offer is valid upto December 31, 2015.
The company largely caters to the low and middle income segment in the Tier II, Tier III towns, with an average loan ticket size of below Rs. 15 lakhs.
Commenting on the interest rate, Kapil Wadhawan, Chairman and Managing Director, DHFL said, "Over the last three decades, DHFL has been committed towards ensuring affordable housing finance to the Low and Middle income consumers. We believe that owning a home especially in this season is a deep desire within our customer segment. Our festive season offer reflects our commitment towards enabling home ownership in tier 2 and 3 towns for each and every Indian especially in the LMI segment.”
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