Home loan to get more expensive as housing finance cos raise lending rates

Home loan rates to get more expensive as major lenders Housing Development Financial Corporation (HDFC), PNB Housing Finance raised their home loan ratios by up to 20 basis points (bps) and 25 bps respectively.

HDFC's revised home loan interest rates now range from 8.4 per cent to 8.7 per cent, whereas PNB Housing Finance's is from 8.4 per cent to 11.75 per cent.

Indiabulls Housing Finance also raised its home loan rates by up to 20 bps in the previous week and their loan rates start from 8.45 per cent now.

Country's largest lender State Bank of India's home