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Home Loan Rates Hit the Roof
By | July 2, 2008
Topics: Rich Dad Poor Dad |
New home buyers and those who have already taken loans under floating rates should prepare for tough times ahead. On Monday, Housing Development and Finance Corp (HDFC), the leader in the home loan market, and ICICI Bank, the largest private sector bank in India, both announced raising home loan rates for existing as well as new customers by as much as 75 basis points (100 basis points=1%). Both the entities also announced raising deposit rates.
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Home Loan Rates Hit the Roof
