HDFC PARES LOAN RATES

HDFC PARES LOAN RATES
The Economic Times, August 14, 2009, Page 1

HOUSING FINANCE MAJOR

HDFC has upped the ante for market share by reducing home loan rates by 50 basis points in the Rs 30-50 lakh segment, reports Our Bureau from Mumbai. The move 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. The rates will apply only to new customers as PLR is unchanged.