HDFC also comes with dual rate loan scheme
By Joseph Samson
Sep 6, 2011
Print    Email    RSS   

Housing finance provider HDFC Ltd. has also introduced a fixed cum floating rate home loan scheme. Soon after competitive peer ICICI Bank launched its dual rate home loan scheme recently, HDFC seems to have decided to follow suit.

HDFC's scheme christened as ‘Fixed First' brings two options to the borrower. In one scheme, the borrower gets to avail fixed rate loan for 3 years tenor and in the second the tenor is for 5 years.

Following the fixed rate tenor, the loan would get converted to a floating rate one corresponding to adjustable home loan rate of HDFC.

The offer is valid till October 31, 2011. It is available along with the pre existent home loan schemes of the housing finance major.

"This option is for customers seeking to lock in their home loan interest rates and not take risk on interest rates moving up in the initial years,'' said HDFC via a release.

In the three year scheme, interest rates are 10.75% for upto Rs 30 lakh, 11.25% for Rs 30-75 lakh and 11.75% for over Rs 75 lakh.

For the five year scheme, interest rates are 11.25% for Rs 30 lakh, 11.5% for Rs 30-75 lakh and 11.75% for over Rs 75 lakh.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Home Equity Loan: A shoulder you can bank...
Are you ready to file your taxes? Please...
Save tax with ELSS
Admissible deductions under Section 80C
Identify the cheapest home loan offer

Loan offer and we solve your financial problem....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive