HUDCO restarts lending for home purchases
State-run Housing and Urban Development Corporation (HUDCO) has declared to restart lending for home purchases with the launch of a competitively priced product.
The new product has been dubbed as the most competitive home loan product available for salaried individuals. Interest rate on the product beats the 10.25 per cent of the largest lender in the country, State Bank of India (SBI).
The product includes free personal accident insurance, no charges before sanction and no pre-payment charges. Moreover, HUDCO would not charge any processing fee till the sanction of the loan.
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