Leading HFCs and banks (ICICI,
SBI, BOB, etc.) have announced 0.25-1% cut in
the mortgage rates over the
recent months. Few banks are also waiving off the
processing fees to attract
borrowers.
Mortgage rates are likely to
soften further given
easing system liquidity and
expectations of policy rate cuts ahead.
Home Loan Mortgage Rates Across
key players
State Bank of India 9.95% to
10.10%
ICICI Bank 10.25% to 10.75%
HDFC 10.15% to 10.40%
LIC Housing 10.25% to 11.4%
Source: J.P. Morgan
J.P.
Morgan India Private Limited
India Property
Saurabh Kumar AC
(91-22)
6157-3590
saurabh.s.kumar@jpmorgan.com
Gunjan Prithyani
(91-22)
6157-3593
gunjan.x.prithyani@jpmorgan.com
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