According to Mr. Keki Mistry, Chief Executive Officer, HDFC (Housing Development Finance Corporation), it has extended the last date of application for its special home loan scheme namely Fixed First, its fixed cum floating product, till January 31, 2012.
The extension comes as demand for housing loans remains moribund despite the discounts and festival season sops given out by various lenders over the past few months..
This is the third time HDFC has extended the deadline for Fixed First, its fixed cum floating product. The product, launched in September (2011), had an initial deadline of October 31.
Fixed First Details..!
Under the Fixed First, its fixed cum floating product scheme, for loans up to Rs. 30 lakh, HDFC has fixed the interest rate at 10.75% for 3 years and at 11.25% for 5; for loans between Rs. 30 lakh and Rs. 75 lakh, the rate is 11.25% for 3 years and 11.5% for 5 years; and for loans above Rs. 75 lakh, the interest rate is 11.75%.
India’s largest bank, SBI (State Bank of India) has extended the 0.25% discount it was offering on home loans till March 31, 2012 from the earlier deadline of December 31, 2011.
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| Mr. Keki Mistry |
The extension comes as demand for housing loans remains moribund despite the discounts and festival season sops given out by various lenders over the past few months..
This is the third time HDFC has extended the deadline for Fixed First, its fixed cum floating product. The product, launched in September (2011), had an initial deadline of October 31.
Fixed First Details..!
Under the Fixed First, its fixed cum floating product scheme, for loans up to Rs. 30 lakh, HDFC has fixed the interest rate at 10.75% for 3 years and at 11.25% for 5; for loans between Rs. 30 lakh and Rs. 75 lakh, the rate is 11.25% for 3 years and 11.5% for 5 years; and for loans above Rs. 75 lakh, the interest rate is 11.75%.
India’s largest bank, SBI (State Bank of India) has extended the 0.25% discount it was offering on home loans till March 31, 2012 from the earlier deadline of December 31, 2011.
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