HDFC Revises Its Retail Prime Lending Rate (RPLR) for Housing Loans
Most of the people are now applying for housing loan. To provide them more benefits HDFC is making housing loan system very simple and easy for the customers. Here HDFC revises its Retail Prime Lending Rate (RPLR) for housing loans.
Online, November 11, 2010 (Newswire.com)
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HDFC is revising its benchmark Retail Prime Lending Rate (RPLR) with effect from 1st September, 2010. This is in line with the current rates of interest in the economy, which have hardened in the last few months due to rising inflation and tightening of liquidity in
the domestic market.
HDFC is increasing its RPLR, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 0.50 % with effect from 1st September, 2010. This increase in RPLR is for the first time in Two years since August of 2008.
HDFC follows a three month reset cycle for its floating rate loans and hence the change in RPLR will impact all the existing customers over the next three month period depending on their date of first disbursement.
For more information visit: http://www.hdfc.com