DHFL said the variable rate of interest for home loans of up to Rs15 lakh has been cut to 10.75% from 11%, while for those above Rs30 lakh but up to Rs75 lakh will come at 11.25%
Mumbai: Mortgage lender Dewan Housing Finance Corporation (DHFL) has cut its home loan lending rates by 0.25% across categories for new customers, reports PTI.
This is a second rate cut by the lender within a month.
The variable rate of interest for loans of up to Rs15 lakh has been cut to 10.75% from 11%, while for those above Rs30 lakh but up to Rs75 lakh will come at 11.25% and those above Rs75 lakh at 11.75%, DHFL said in a statement.
It had earlier cut rates by 0.25% on 10th October.
The retail segment, especially the home loan vertical, is seeing some aggressive play by bankers in the recent months as the demand from the large borrowers is drying up due to gloomy economic conditions.
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