Indiabulls Housing Finance slashes home loan rates by 15 bps

MUMBAI: Indiabulls Housing Finance Limited today joined the rare war by cutting home loan rates by 15 basis points to 9.15%.

For loans of up to Rs 28 lakh the rates will be 9.15%, for loans between Rs 28 lakh to Rs 75 lakh the rates will be 9.15% for women borrowers and 9.20% for others.

New rates will be effective from November 4.

Indiabulls Housing Finance Bhaskar joined ICICI Bank, HDFC and State Bank of India. SBI home loan is available at 9.15 per cent while women borrowers will get it at 9.10 per cent interest.

"A reduction of 15 basis points in our interest rates is an effort to pass on greater benefits to our customers," said Gagan Banga vice chairman and managing director Indiabulls Housing Finance. "A positive economy and falling interest rates will give affordable housing an impetus and we are poised to cater to this expected increase in demand."