Mortgage lender HDFC today raised benchmark lending rate by 0.25 per cent, a move which will make home loan costlier for borrowers.
The company has increased its Retail Prime Lending Rate (RPLR) by 0.25 per cent. As a result, the housing loans of up to Rs 30 lakh will become expensive to 10.40 per cent against existing 10.15 per cent, HDFC said in a statement.
Similarly, interest rate on housing loans beyond Rs 30 lakh will become dearer by 0.25 per cent to 10.65 per cent, it said.
The new rates would be applicable from tomorrow, it said.
In February this year, HDFC had reduced its RPLR by 0.10 per cent and hence on a net basis the RPLR is higher only by 0.15 per cent since January 2013, it added.
