HDFC raises Retail Prime Lending Rate on housing loans by 50 bps

Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount

Housing Development Finance Corporation Ltd (HDFC) on Thursday said it will raise Retail Prime Lending Rate on housing loans by 50 basis points from June 10, 2022.

"HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 50 basis points, with effect from June 10, 2022," the mortgage lender said in a stock exchange filing.

Following the RBI monetary policy committee's (MPC) decision to raise benchmark policy rate by 50 basis points, many lenders, including ICICI Bank and Bank Baroda have also raised their external benchmark linked loan