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HUDCO reduces lending rates by 25 basis points

Mumbai: October 9,2012

Housing and Urban Development Ltd. (HUDCO), the Public Sector major, has effected a reduction in its lending rate by 25 basis points in its floating rate, on most of its lending portfolios covering Housing and Urban Infrastructure development projects.  With this reduction, the floating interest rates for EWS and LIG categories of Housing would range from 8.25% to 8.75%.

 

For other Government and Public sector agency housing projects and infrastructure projects such as water supply, sewerage, solid waste management, roads and transport, etc. the floating rate of interest would henceforth range between 11% for State Government direct borrowing to 1.25% for all other Public Sector Agencies. 

 

In Respect of HUDCO Niwas, the individual lending scheme of HUDCO for housing, the floating interest rates would henceforth be 10% for loans upto Rs. 25 lakh.

 

 

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PIB Release/MH/219
MD --KN

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