HDFC extends dual rate home loan offer

HDFC Ltd. has announced it is offering its dual rate home loan scheme which had ended on August 30 to till the end of September. But the housing finance company has increased the interest rates following the hike in its benchmark retail prime lending rate (RPLR),with effect from September 01. Under the revised scheme, the interest rate on home loans will be available fixed rate at 8.50% upto March 31,2011, 9.50% for the period between April,2011 and March 31,2012 and the applicable floating rate for the balance term.These rates are applicable for all the new home loans, irrespective of the loan amount, said a press release issued by the company.(BL 08092010)