HDFC to drop down home loan rates
The Housing Development Finance Corporation (HDFC) banking sector is on a pace of dropping down the interest rates of home loans. It all depends on Reserve Bank of India (RBI).
If RBI goes for a dip down in interest rates, HDFC is sure to follow up the same with home loan categories.
In concern with the same context, the HDFC expert say that the customers are hurt with the increase in soaring prices of loans.
The home loan rates have increased so much that the customers have stepped back from purchasing a home loan. Home loan seems to be no man’s business for the loan borrowers in India!
Midst all these concerns a sizable growth in the home loan segment has been observed in smaller cities like; Chandigarh, Salem, Baroda and Lucknow.
However, the increase in prices of properties in Mumbai has lead to drop down in home loan sales.
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Source: Rupeetimes
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