HUDCO cuts lending rates

With this reduction, the floating interest rates for Economically Weaker Sections and Lower Income Group housing categories would range from 8.25 per cent to 8.75 per cent, a HUDCO release said.

In respect of HUDCO Niwas, the individual lending scheme of HUDCO, the floating interest rates would henceforth be 10 per cent for loans up to Rs 25 lakh for housing, the release added.