Vivvo CMS 4.1 http://news.propertykoncepts.com/ ©2007 Spoonlabs d.o.o. http://news.propertykoncepts.com/files.php?file= http://news.propertykoncepts.com/ http://news.propertykoncepts.com/index.php/homeloans-mortgage/hdfc_reduces_home_loan_rates_tactics_to_capture_the_market_share.html Home Loans Sun, 16 Aug 2009 15:22:00 +0000 Showing competetive edge to State Bank of India major private housing finance company HDFC has tied up the queue to tap housing finance market. This is the major intiative taken up by any private financial institution to increase the market share in the home loan market by reducing rates by 50 basis points in the Rs 30-50 lakh segment.The development comes within a week of the country's biggest bank SBI cutting rates by 50-75 basis points for high value loans, and offering loans up to Rs 5 lakh at a fixed rate of 8% for five years.As per the revised rates, HDFC now offers loans between Rs 30-50 lakh at 9%. The rates will apply only to new customers as the lender has not revised its prime lending rate. HDFC had last cut rates in mid-July . Since then there has not been any reduction in policy rates by Reserve Bank of India. Property and Construction News, Real Estate news Updates, Joint Ventures, Hot Property Updates, Home Loan News