INSUBCONTINENT EXCLUSIVE:
Indiabulls Housing Finance said the new interest rates will be applicable to new and existing customersIndiabulls Housing Finance on Monday
25-basis-point hike in repo rate, the key rate at which it lends short-term money to commercial banks, to 6.5 per cent
will be applicable to new and existing customers, Indiabulls Housing Finance said.2
Indiabulls Housing Finance said the increase in lending rates - or interest rates on home loans - comes "with the growing cost of funds led
by the consecutive raise on repo rate by the RBI.3
While the interest rate on new home loans for women applicants/co-applicants will now start at 8.7 per cent in case of loans of up to Rs 35
lakh, the starting interest rate on loans worth more than Rs 35 lakh will be 8.8 per cent, according to Indiabulls Housing Finance
interest rates, as against a 0.5 per cent rise in the bourse's secrotal index comprising financial services stocks.
