HDFC announces a mortgage at 6.7% interest, here’s how to apply
HDFC mortgage interest rate: Here’s good news for home buyers. Housing Development Finance Corp (HDFC) on Tuesday announced that it would offer mortgage interest rates starting at 6.7%. “We are pleased to announce the special mortgage rates for the upcoming holiday season,” said Renu Sud Karnad, Managing Director of HDFC Ltd.Read also – Bank customer alert: the check books of these banks will no longer be valid from October 1 | Details here
Note that the limited-term mortgage offer is already effective since September 20 and that the interest rate for the mortgage has been set at 6.7%, regardless of the amount of the loan. Home buyers should note that the special loan rate will be linked to the credit score of borrowers. Also Read – SBI Clerk 2021 Preliminary Results on sbi.co.in, here is a direct link to the checkmarks
Speaking to News 18, the HDFC chief executive said housing is much more affordable today than it has ever been and that over the past two years house prices have been rising. more or less remained the same in the main pockets of the country as income levels increased. . He said record interest rates, PMAY subsidies, and tax breaks have also helped. Also read – Good news for loan seekers as banks are offering record rates. Details here
How to apply for a mortgage: HDFC Bank said in a statement that the home loan interest rate concession will be in effect until October 31, and customers can also apply for home loans online by visiting www.hdfc.com. Customers can also apply for home loans online by visiting www.hdfc.com.
In addition to HDFC Bank, several other banks have reduced mortgage interest rates in a matter of months in an attempt to attract new home buyers this coming holiday season.
Notably, the State Bank of India (SBI) previously reduced mortgage interest rates to 6.7% for any loan amount. This is the first time that a bank has granted flat rate mortgage loans.
Previously, the Kotak Mahindra Bank reduced the interest on its mortgage to 6.50, the lowest rate in the industry. The reduced rate will apply to all loan amounts in the case of transfer fees and balance.
Other banks that have cut home lending include the Punjab National Bank, which on September 17 announced festive offers of 6.60% home loans, regardless of any upper limit.