DHFL revises retail prime lending rate on housing loans by 50 bps
Mumbai, May 20 2011: DHFL, India’s third largest housing finance company, today announced an increase in its retail prime lending rate by 50 basis points. This change of rate will be effective for its customers from May 20th, 2011.
DHFL's loan portfolio stood at Rs. 14,111.27 crore as on March 31st, 2011 as against Rs. 8758.40 crore in the corresponding previous year.
DHFL currently operates through a network across 405 locations pan India. The company recently entered into a home loan syndication agreement with Yes Bank; apart from the already existing agreements with Punjab and Sind Bank, United Bank of India and Central Bank of India for north, east and central India respectively.
About DHFL
Dewan Housing Finance Corporation Limited (DHFL) was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segment of the society. Today, DHFL is the third largest housing finance company in India with a network across 405 locations catering to the semi-urban and rural belts of India. The company’s representative offices in Dubai and London provide housing finance to Non-Resident Indians (NRI) for purchase of residential properties in India.
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