{"id":878,"date":"2019-10-16T05:40:59","date_gmt":"2019-10-16T05:40:59","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/10\/16\/hdfc-cuts-retail-prime-lending-rate-by-10-bps\/"},"modified":"2019-10-16T05:40:59","modified_gmt":"2019-10-16T05:40:59","slug":"hdfc-cuts-retail-prime-lending-rate-by-10-bps","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/10\/16\/hdfc-cuts-retail-prime-lending-rate-by-10-bps\/","title":{"rendered":"HDFC cuts retail prime lending rate by 10 bps"},"content":{"rendered":"

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\"HDFC<\/p>\n

Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers.<\/p>\n

The RPLR, on which its adjustable rate home loans are benchmarked, would be reduced by 10 basis points from October 15, 2019, according to a press statement. New rates offered by the lender will now range from 8.25% to 8.65%.<\/p>\n

The move comes at a time when a number of lenders have been reducing their rates, following a cumulative repo rate cut of 135 bps since February by the RBI<\/a>. The country\u2019s largest lender, SBI, had cut its marginal cost of funds-based lending rate by 10 bps last week to 8.05% from 8.15%.<\/p>\n

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