Mumbai: HDFC said that his home loans will begin at 6.7% in all loan slabs and for all customers have a credit score of 800 and above, regardless of their work.
Prices are part of the festival scheme for those who utilize disbursement at the end of October.
As a result of this revised policy, a salary borrower can see their interest rates down with 45 basis points (100bps = 1 percentage point) and credit entrepreneurial borrowers worthy of credit above RS 75 Lakh will see their interest costs down to 60bps.
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HDFC has traditionally collected higher interest rates for self-employed borrowers.
Keki Mistry, CEO, HDFC, told TOI that continued liquidity and residential demand remained strong.
“Individual home loans in June 79% higher than May and July were 14% higher than June and 64% higher than July last year and momentum continued to remain strong,” he said.
HDFC seeing requests across the board including the city, where the price is flat since 2017.
“Some factors encourage demand.
Property prices generally do not rise in Mumbai and Delhi, while the income level has been over the past three years.
Also, low-sized interest rates,” Mistry said.
He added that there were also good feeling factors with the stock market at the highest point of all time, which had increased self-confidence.
“Covid factors increase demand for larger homes, because many family members must work from home continue to support demand,” he said.
Home HDFC loans start at 6.7%, related to credit scores
