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Indiabulls Housing Finance Ltd. reduces its home loan rate by 20 bps to 9.90%

–          Tenure up to 30 years

–          Applicable for salaried & Self Employed

Mumbai, April 14, 2015:  Indiabulls Housing Finance Ltd (IBHFL), country’s second largest private housing finance company has reduced the interest rates of their home loans to 9.90%, a reduction of 20 basis points from its existing rate of 10.10%. The reduced rates will be applicable from 14th April’ 2015 onwards. 

Mr. Gagan Banga, Vice Chairman & MD, IBHFL said, “The RBI has reduced the repo rates twice since January, giving thumbs up to the government’s path of fiscal consolidation.  One of the key beneficiaries of the repo rate reduction would be home loan borrowers who would see a reduction in their EMI’s outgo. As a leading HFC passing this benefit to our customers is a commitment to our long term relationship with them, and we hope that these benefits bring them closer to owning a home of their own”

With the new ROI @ 9.90%, customers can avail home loan of up to Rs. 50 lacs with EMI’s starting at Rs. 870/- per lac, additionally the customers also have the choice of opting for fixed or floating rates on their home loans. IBHFL aims to provide most competitive interest rates and excellent services to our customers. With customized product offerings and hassle-free processes we endeavour to make the Indiabulls experience a superior one.

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