HDFC Ltd hikes home loan rates by 25 basis points effective March 1

ICICI Bank is offering a rate of 9 per cent to borrowers with a credit score of 800 and above as its festival offer pricing, until February 28

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Given that the RBI has increased rates further in February 2023, the interest rates are anticipated to continue rising for the next few months

Subrata Panda Mumbai
Mortgage lender HDFC Ltd has hiked its home loan rates by 25 basis points (bps) effective March 1, the company said in a statement on Tuesday.

Meanwhile, Punjab National Bank (PNB) and Kolkata-headquartered Bandhan Bank, too, have decided to hike their marginal cost of funds-based lending rate (MCLR). While PNB has raised its MCLR by 10 bps, with effect from March 1, and accordingly the overnight to three-year MCLR will now range between 8 per cent and 8.8 per cent, Bandhan Bank’s hike in MCLR hike will be effective from February 28. Its overnight to three-year MCLR is now from 6.71–10.96

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First Published: Feb 28 2023 | 5:36 PM IST

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