Home loan rate reduced by DHFL for new and existing customers

Leading private-sector housing finance company, Dewan Housing Finance (DHFL), on Wednesday cut its home loan rates for both new and existing customers by upto one per cent.

With the reduction, customers can now avail loans upto Rs 20-lakh starting at 9.75 per cent while for loans above Rs 20-lakh, the interest rate starts from 11.25 per cent, the company said.

The company has slashed interest rates for new customers by 0.5-1 per cent with immediate effect while for existing borrowers the reduction will be by 0.25 per cent.