HDFC launches fixed rate home loan scheme, others to follow

Largest housing finance company HDFC on Monday launched a new fixed rate home loan scheme christened as ‘Fixed First’.

September 06, 2011 / 11:48 IST

Moneycontrol Bureau

Largest housing finance company HDFC on Monday launched a new fixed rate home loan scheme christened as 'fixed first'. This product is on similar lines with ICICI Bank's home loan product, launched three weeks back, that had offered the benefits of repaying loan in the first one to two years at fixed rates in the range of 10.50-11.75% depending on loan amount.

Home loan borrowers can avail loan at a fixed rate for the initial three or five years under the new scheme. Thereafter, the loan will switch automatically to HDFC

first published: Sep 5, 2011 09:32 pm

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