hdfc home loan interest rate, home loan borrowers panic.. rising interest rate! – Housing finance lender hdfc hikes home loan interest rate by 25bps from august 1st 2022

In a statement filed yesterday, HDFC has increased the interest rate on home loans. Accordingly, HDFC has hiked home loan interest rates by 0.25%.

HDFC also said that the increased new interest rates will be effective from August 1. According to this, HDFC will now charge an interest rate of 7.80% to 8.30% on home loans.

The RBI hiked the repo rate in May and June. As a result, banks and financial institutions like HDFC raised interest rates. The Reserve Bank of India’s policy meeting will be held on August 3-5.

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The repo rate is expected to be hiked again in this meeting. Currently the repo rate is 4.90%. A further increase is expected to exceed 5 percent. It is also noteworthy that interest rates were raised in the United States last week.

Therefore, the interest rate for loans including home loans is expected to rise further in the coming days.