HDFC ups its retail prime lending rate by 0.75% to 15%

Home loan lender, HDFC, has upped its retail prime lending rate (RPLR) by 0.75 per cent to 15 per cent with effect from August 1.     

The increase in RPLR will affect existing borrowers whose loans come up for re-pricing on or after August 1, HDFC said in a press release issued here today.     

The home loan lender has increased its floating interest rate for both existing and new customers by 0.75 per cent from 11 per cent to 11.75 per cent. This increase too will take effect from August 1, the release said.     

The fixed rates remain unchanged at 14 per cent.    

 

 The revisions have been effected "in line with the rates of interest in the economy, which have hardened due to rising inflation and shrinking liquidity in the domestic market," the release said.