DHFL, a housing finance company, on Wednesday decided to lower its home loan lending rate by 50 basis points from 9.10 per cent to 8.60 per cent.
The lower rate is effective from January 4. This has come a day after several leading housing finance companies went in for lending rate cuts, following the move by public sector banks to sharply cut their home loan lending rates.
Harshil Mehta, Chief Executive Officer, DHFL, said that the government’s recent decision to provide interest rate relief to home buyers and those who wish to plan a home in 2017, as well as several past initiatives, have created a growth-enabling and conducive environment for the housing finance sector.
“We will continue to be prompt and responsive to any initiative in the external environment, as we also continue to undertake several internal measures to benefit our customers as part of our commitment to enable access to home ownership to the low- and middle-income segment,” Mehta added.