The housing finance company unveiled a limited period offer for the upcoming festival season. Under the offer, customers can avail HDFC home loan starting at 6.70% per annum with effective from 20 September 2021. The offer will be applicable to all new loan applications irrespective of the loan amount or employment category. The special rate is linked to borrower's credit score and the close ended scheme will be valid till 31 October 2021.

Renu Sud Karnad, MD of HDFC said, We are pleased to announce the special home loans rates for the upcoming festive season. I am sure that this offer will help prospective House buyers to realize their house buying dream and bring festive cheer. Housing is much more affordable today than it ever was. In the last couple of years, property prices have more or less remained the same in major pockets across the country while income levels have gone up. Record low interest rates, subsidies under PMAY and the tax benefits have also helped.”

Earlier this week, media reported that State Bank of India (SBI) and Kotak Mahindra Bank announced loans at record low-interest rates to cash ahead of the festive season.

HDFC is engaged in financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes, in India. The housing finance company reported 1.7% fall in standalone net profit to Rs 3,000.67 crore on a 10.4% fall in total income to Rs 11,663.14 crore in Q1 FY22 over Q1 FY21.

Shares of HDFC were up 0.29% at Rs 2,751.25 on BSE.

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