HDFC announces home loans at 6.7% as festive offer
Housing Development Finance Corporation (HDFC) has said it will offer home loans at 6.7 percent as part of a festive offer, joining a bunch of mortgage lenders that have cut interest rates to perk up demand.
Under this special offer, customers can avail an HDFC Home Loan starting at 6.70 percent effective 20th September 2021, HDFC Ltd stated.
This offer will be applicable to all new loan applications irrespective of the loan amount or employment category. The special rate is linked to the borrower’s credit score. This is a close-ended scheme and will be valid till 31st October 2021, the lender said.
“Housing is much more affordable today than it ever was. In the last couple of years, property prices have more or less remained the same in major pockets across the country while income levels have gone up. Record low-interest rates, subsidies under PMAY, and the tax benefits have also helped.” said Renu Sud Karnad, Managing Director, HDFC Ltd.