Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers.
The RPLR, on which its adjustable rate home loans are benchmarked, would be reduced by 10 basis points from October 15, 2019, according to a press statement. New rates offered by the lender will now range from 8.25% to 8.65%.