HDFC Puts New Home Loan Scheme on Offer to Compete with SBI

The cut throat competition got the largest home loan lender to slash its interest rates in a special offer. For common buyers, there couldn’t be a better time to seal their home purchase plans.

Interestingly, after calling SBI’s 8 per cent offer a gimmick, HDFC now itself has launched a dual rate home loan scheme with a fixed rate of 8.25 per cent till March 31, 2012 for a 20 year loan of Rs 30 lakh for new customers who apply till January 31.