HDFC too offers cheaper loans to women
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The country's largest housing finance company has cut lending rates for women borrowers by five basis points to 8.85% from 8.9% earlier. Following the current rate cut the top three home finance providers in the country - State Bank of India and ICICI Bank are providing identical rates.
In a statement issued here on Thursday, HDFC said that it has launched a new home loan product 'Women Power' with a differential rate of interest exclusively for women customers. The reduced rate will apply to home loans, home improvement loans, home extension loans and refinance loans. Besides loans for financing housing plots for home construction at 9.9%.
"The loan will be subject to the women being the sole or joint owner of the property and a first applicant or co-applicant to the loan. It is available to residents as well as non-residents.
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