Home loan rate cuts by key lenders to help push housing sales momentum further
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The country’s largest private mortgage lender HDFC has reduced the interest rate on its home loans to 6.75% from 6.8%. This reduction in home loan rate was announced just days after banks like the State Bank of India (SBI) and Kotak Mahindra Bank announced rate cuts.
The banks are competing to grab the home loan customers before the fiscal year ends
The reduction in home loan interest rates to the record-low level by leading financiers including the
Kotak Mahindra Bank is expected to boost the current housing sales momentum further.