BUREAU | BANGALORE | MARCH 10, 2014 | Hindu Business Line
R Nambirajan, Managing Director, DHFL Housing Finance, in a release, said with effect from February 1, NHB has reduced the interest rate under this refinance scheme to 7.35 per cent, and has advised housing finance companies to grant housing loans under this scheme with interest rates not exceeding 9.35 per cent (that is with 2 per cent spread only).
The company has taken the lead in this regard, and has announced to grant housing loans upto 15 years, with interest rate fixed for first-seven years at 9.35 per cent, and thereafter floating with a minimum of 11.50 per cent from the 8th year to 15th year.
(This article was published on March 10, 2014)
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