Updated Mar 05, 2021 | 15:51 IST
ICICI Bank on Friday slashed home loan interest rates to 6.70% in a limited period offer valid until March 31, 2021. SBI Bank, Kotak Mahindra Bank, and HDFC Ltd announced similar offers in the last few days ICICI vs SBI vs Kotak Mahindra vs HDFC: Most economical home loan interest rates in market right now | Photo Credit: BCCL
Key Highlights
Historic low home loan interest rates will will encourage people to finally take a call and book their dream homes, feels Dhruv Agarwala, Group CEO, Housing.com
ICICI Bank, SBI Bank, Kotak Mahindra Bank and HDFC Ltd have slashed home loan interest rates in last few days
Banking giants State Bank of India (SBI) and Kotak Mahindra Bank’s decision to slash home loan rates by 10-15 bps to 6.7 per cent and 6.65 per cent, respectively may pull customers away from pure housing financiers, especially smaller players, believe analysts. On Monday, SBI announced a limited period offer, and cut rates to 6.70 per cent (for loans up to Rs 75 lakh) and to 6.75 per cent (for loans above Rs 75 lakh) till March 31. The lender will also give a 100 per cent waiver on processing fees. Upping the ante, Kotak Mahindra Bank announced a 10 bps cut till March 31, to 6.65 per cent, applicable to both home loans and Balance Transfer Loans across amounts. The lender, too, will give a 100 per cent waiver on processing fees.
HDFC joins SBI, Kotak; slashes home loan rates by 5 bps
HDFC reduces its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021, said the bank
BusinessToday.In | March 3, 2021 | Updated 22:06 IST
HDFC cuts home loan rates
After State Bank of India and Kotak Mahindra Bank, HDFC has also reduced home loan interest rates. The lender reduced rates by 5 basis points to 6.75 per cent. The changes will be effective from March 4, the housing finance company said on Wednesday. HDFC reduces its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021, said HDFC. All existing HDFC retail home loan customers will benefit from this change, the HFC said.
HDFC has reduced its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021