By Tricitynews Reporter
Chandigarh 08th
October:- DHFL, India’s leading housing finance company in the low and middle
income segment, announced reduction in its interest rates by 20 bps to 9.35%
for its new customers with effect from October 11, 2016. The Company will offer
the interest rate of 9.35% for loans upto Rs 30 lakhs which is categorized
under affordable housing; thereby enabling home ownership in the low and middle
income segment.
Commenting on
the move Harshil Mehta, CEO, DHFL said that further to the recent announcement
made by the Reserve Bank of India to cut the interest rates, this step taken by
DHFL will enable it to pass on the benefit to its end consumers.
He further added
that throughout its years of growth,
DHFL has stayed true to its core vision of financial inclusion, especially to
the low and middle income customers across India. We at DHFL also believe
that, the move complements the Government’s initiative of ‘Housing for All’ by
2022 and will help to create more demand making the sector more attractive for
investors.
In August 2016,
DHFL created history in the Indian Capital markets by raising a record Rs
14,000 crore within one month from two public NCD issuances. The total demand
generated from the two issues was Rs 32,000 crores as per the data available on
the exchanges.
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