One basis point is one-hundredth of a percentage point. Now HDFC home loan interest rates will start from 7.55%. According to an HDFC press statement, “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 50 basis points, with effect from June 10, 2022.”
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