Rate of Interest of HDFC

Rate of Interest of HDFC 

HDFC is the 2nd in position in business of Housing Finance. It is dedicated for doing housing finance only. HDFC is having the 1st position  as housing finance company in India. HDFC has following rate of interest at present:

Applicable Rates (Monthly Rest Basis)	Fixed rates%	Variable rates%	Basis% RPLR
Upto and including Rs 30 lacs	12.25	10.75	RPLR - 5.75
Rs.30.01 lacs to Rs.75 lacs	12.50	11.00	RPLR -5.50
Over Rs.75 lacs	13.00	11.50	RPLR - 5.00

The above rates are subject to change without notice.

Its also have two other product namely Option-A & Option B. Under the option A of the product, the fixed rate will be available up to 30th November 2014 while under the option B the Fixed rate will be available up to 30th November 2016. After the completion of the fixed rate period, the loan will switch to HDFC’s ARHL product, linked to HDFC’s RPLR. The rate of interest applicable during the ARHL period of the loan shall depend on the RPLR at the time of the switch of the loan to ARHL. 

Applicable Rates (Monthly Rest Basis)	Fixed rates (in % pa)
	Option A	Option B
Upto Rs 30 lakhs	10.75	11.25
Rs.30.01 lacs to Rs.75 lakhs	11.25	11.50
Over Rs.75 lakhs	11.75	11.75