HDFC reduces interest rate by 0.15%
Posted on: 17/Jun/2015 11:00:42 AM
Interest on loans are reduced by 0.15% by leading private bank HDFC. This will bring down the interest rate from 9.85% to 9.7%, say sources.
This new interest rate is said to have got into effect, the report added. It is to be noted that the bank already reduced the bank interest rate in the month of April this year. This reduction in interest rate is likely to reduce the interest rates on housing and car loans as well.
