HDFC home loan at 6.7% interest rate: Find out if you are eligible
“ This Offer will be applicable to all new loan applications irrespective of the loan amount or employment category. The special rate is linked to borrower’s credit score. This is a close ended scheme and will be valid till 31st October 2021.," HD...
By ET Online | Updated:
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Since it is the festive season now, many banks and non-banking financial institutions are announcing their festival offers like lower interest rates on loans and waiver of processing fees. Mortgage lender, Housing Development Finance Corp or HDFC, said that it will be offering home loans at 6.7% interest rate for those with credit scores above 800, according to the lender's website.
“ This Offer will be applicable to all new loan applications irrespective of the loan amount or employment category. The special rate is linked to borrower’s credit score. This is a close ended scheme and will be valid till 31st October 2021.," HDFC stated in a press release.
According to HDFC, "before this special offer the rate for salaried customers for loan above Rs 75 lakh and credit score of 800 and above was 7.15 % and for self-employed was 7.30%. Hence, effective cut for these customers could be up to 45 bps for salaried and up to 60 bps for self-employed," .
HDFC has also reduced its processing fees to Rs 3, 000 plus taxes (from Rs 10, 000 plus taxes).
Borrower bonanza: Low home loan interest rates and other festive season offers
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Festive season has commenced and banks as well as non-banking financial institutions have already rolled out a plethora of festival offers like lower interest rates on loans and waiver of processing fees. Indian banks are aggressively pushing loans for both home and gadget purchases at record low rates of interest, tapping into festive season optimism.
Last month, finance minister Nirmala Sitharaman had asked state-run banks to step up lending and hold credit outreach programmes across India from October to bolster the various stimulus packages. With outreach programmes thus scheduled to return soon, credit flow to productive sectors of the consumer economy is likely to increase further. Here is the cheer that some major lenders are bringing you this festive season.
Festive season has commenced and banks as well as non-banking financial institutions have already rolled out a plethora of festival offers like lower interest rates on loans and waiver of processing ..
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The country's largest public sector bank, the State Bank of India (SBI) has announced that as part of its festive season scheme, it will be offering credit score linked home loans at 6.7%, irrespective of the loan amount. SBI has also waived processing fees on home loans. Click here to know how to avail SBI home loan.
The country's largest public sector bank, the State Bank of India (SBI) has announced that as part of its festive season scheme, it will be offering credit score linked home loans at 6.7%, irrespecti..
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Kotak Mahindra bank's festive offer of 6.5% is a record low and the lowest in the industry. It will be valid for a 60-day period from September 10 to November 8. The limited festive period offer will be applicable across all loan amounts, and on both fresh loans and balance transfer cases. The lowest rate of 6.5% will be applicable to the salaried class and those with credit scores upwards of 800.
Kotak Mahindra bank's festive offer of 6.5% is a record low and the lowest in the industry. It will be valid for a 60-day period from September 10 to November 8. The limited festive period offer will..
Read More
Mortgage lender, Housing Development Finance Corp (HDFC), said that it will be offering home loans at 6.7% interest rate for those with credit scores above 800, as stated on thee lender's website. The offer applies to all new loan applications irrespective of the loan amount or employment category. The close-ended scheme and will be valid till 31st October 2021. Additionally, HDFC has slashed its processing fees to Rs 3, 000 plus taxes, from the earlier Rs 10, 000 plus taxes. Click here to find out if you are eligible for the loan.
Mortgage lender, Housing Development Finance Corp (HDFC), said that it will be offering home loans at 6.7% interest rate for those with credit scores above 800, as stated on thee lender's website. Th..
Read More
Bank of Baroda has also launched retail loan offers ahead of the festive season. The bank is offering a waiver of 25 basis points on prevalent interest rates for home and car loans. Home loans for the public lender start at 6.50% and car loans at 7%. The bank is also offering a waiver of processing fees on home loans.
Bank of Baroda has also launched retail loan offers ahead of the festive season. The bank is offering a waiver of 25 basis points on prevalent interest rates for home and car loans. Home loans for th..
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Punjab National Bank has waived service charges and processing fees on all retail products.
Punjab National Bank has waived service charges and processing fees on all retail products.
Banks' festive season offers State Bank of India (SBI) is offering festive season home loans at 6.70% irrespective of loan amount, Kotak Mahindra Bank has reduced rates to record lows of 6.5%.
Separately, Kotak's festive offer of 6.5% is the lowest in the industry and will be valid from September 10 to November 8. The limited festive period offer will be applicable across all loan amounts, and on both fresh loans and balance transfer cases.
Punjab National Bank has waived service charges and processing fees on all retail products.
Bank of Baroda has also launched retail loan offers ahead of the festive season. The bank is offering a waiver of 25 basis points on prevalent interest rates for home and car loans. Home loans for the public lender start at 6.75% and car loans at 7%. The bank is also offering a waiver of processing fees on home loans.
