Sundaram BNP
Cuts Housing Loan Rates to 8.70%
Sundaram BNP Paribas
Home Finance has cut interest rate for new houisng Loans to 8.7% a year from
9.20%, effective 10 January 2017, according to a statement.
“The company hopes that
this will help in reviving the sluggish real estate market,” said Mr. Srinivas
Acharya, Managing Director, Sundaram BNP Paribas Home Finance.
In addition to focusing
on the huge salaried segment, Sundaram Home Finance is looking to expand its
presence in the rural housing as well as the affordable housing segment.
The company has over
100 branches spread across the country and over 50,000 customers.
Sundaram BNP Paribas
Home Finance is a 50.1% and 49.9% joint
venture between Sundaram Finance and BNP Paribas.
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