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HDFC raises benchmark lending rates, loans to get costlier

HDFC raises benchmark lending rates, loans to get costlier

After leading private sector lender ICICI Bank announced an increase in lending rate, mortgage lender HDFC too raised its benchmark lending rates by 0.25 per cent.

After leading private sector lender ICICI Bank announced an increase in lending rate, mortgage lender HDFC too on raised its benchmark lending rates by 0.25 per cent, making home and auto loans costlier.

HDFC increased its retail prime lending rate (RPLR) by 0.25 per cent. As a result, interest on housing loans of up to Rs 30 lakh will go up to 10.40 per cent from the existing 10.15 per cent, it said in a statement on Thursday.

The interest rate on housing loans exceeding Rs 30 lakh will rise to 10.65 per cent from Friday, the lender said.

With inputs from PTI

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Published on: Aug 23, 2013, 4:09 PM IST
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