HDFC and SBI: Housing Loans at 8.4% interest!
Posted on: 14/Oct/2022 2:37:13 PM
Even as there is a trend for increasing interest rates for loans from the banks and other non-banking financial organizations, 2 banks – the country`s premier public sector bank,m the State Bank of India (SBI) and the HDFC (Housing Development Finance Corporation) Bank have come forward with a `festival special` offer of 8.4 % interest for Housing loans!
In a notification released by the State Bank of India regarding this, it is mentioned:
"In the field of Housing Loans in India, the Housing Loan accorded so far by the country`s Premier Public Sector Bank, the State Bank of India has reached Rs. 6 Lakhs Crores!
In this situation, as a festival season special, it has been decided to discount 0.25% of the interest rate for Housing Loans offered!
This concessional offer will be in effect until 31st January 2023!:
In a notification released by HDFC in this regard, it is mentioned:
"As a festival special offer, 0.20% of the interest is given off as a concession to offer Housing Loans at this special concessional rate!
This concessional offer would be effective until 30th November!"
With the above 2 notifications, citizens have been provided with a special offer of housing Loans at 8.40% onwards!
