HDFC revises its Retail Prime Lending Rates by 5 basis points

2 May 2022 , 10:45 AM

Housing Development Corporation of India Limited informed the investors and exchanges that the company has increased the Retail Prime Lending Rates on Housing Loans.

Company stated in its filing with the exchange, “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable-Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from May 1, 2022.”

Therefore, customers will have to pay 5 basis points extra for any loans availed on or after May 1, 2022.

At around 10.43 AM, HDFC’s counter was trading at Rs1,390.05, up by 0.39% or Rs5.45 against its previous close of Rs1,384.60 on the National Stock Exchange. So far in the day, it touched intraday high and low of Rs1,391.40 and Rs1,362.05 respectively.