 "DHFL cuts home loan rate by 0.2%")
Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reduced the lending rate by 0.2 per cent to 9.35 per cent to cash in on the festival fervour.
The revised rate of 9.35 per cent for its new customers would be effective from October 11, DHFL said in a statement.
The company will offer the interest rate for loans up to Rs 30 lakh which is categorised under affordable housing, thereby enabling home ownership in the low and middle-income segment, it said.
"Further to the recent announcement made by the RBI to cut the interest rates, this step taken by DHFL will enable it to
The revised rate of 9.35 per cent for its new customers would be effective from October 11, DHFL said in a statement.
The company will offer the interest rate for loans up to Rs 30 lakh which is categorised under affordable housing, thereby enabling home ownership in the low and middle-income segment, it said.
"Further to the recent announcement made by the RBI to cut the interest rates, this step taken by DHFL will enable it to
pass on the benefit to its end consumers," DHFL CEO Harshil Mehta said.
On Tuesday, RBI lowered the repo rate or the rate at which it lends to banks by 0.25 per cent.
The 6-member Monetary Policy Committee, which has three members nominated by the government and the rest from the Reserve Bank, lowered repo rate to 6.25 per cent from 6.50 per cent.
On Tuesday, RBI lowered the repo rate or the rate at which it lends to banks by 0.25 per cent.
The 6-member Monetary Policy Committee, which has three members nominated by the government and the rest from the Reserve Bank, lowered repo rate to 6.25 per cent from 6.50 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%