Hi, It seems that the bank has decided to grant housing loans upto 15 years, with interest rate fixed for first-seven years at 9.35 per cent, and thereafter floating with a minimum of 11.50 per cent from the 8th year to 15th year.
Yes, DHFL housing finance is offering loans at an interest rate of 9.35% for a perios of 7 years and loan amount of Rs 15 lakh under the National Housing Bank’s Refinance Scheme of Rural Housing Fund.
That is good na, with effect from February 1, National Housing Board has reduced the interest rate under this refinance scheme to 7.35 per cent, and has advised housing finance companies to grant housing loans under this scheme with interest rates not exceeding 9.35 per cent (that is with 2 per cent spread only).