In a new move to compete with SBI, the largest bank in India, private sector lender HDFC has decided to offer loans at a fixed rate of 8.25% per annum. HDFC has offered all new loans before April 1, 2010 at the rate of 8.25% which will remain fixed till March 2012, after which the loan will bear a floating rate based on prime lending rate(PLR) of the bank. read more
Originally posted here:
HDFC plans to compete with SBI, offers loan at 8.25%
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