Hdfc Sees Jump In Floating Rate Loans

The Housing Development Finance Corporation (HDFC) has seen an upsurge in customers wanting floating rate housing loans who feel that existing interest rates might drop further.

HDFC has also seen borrowings from institutions growing significantly as against retail borrowings as the loans are cheaper to service, according to a senior official of the company.

According to HDFC executive director R V S Rao, the institution had seen 50 per cent of its customers wanting housing loans against floating interest rates as against fixed rates.