DHFL revises retail prime lending rate on housing loans by 25 bps
July 01st, 2011:
Dewan Housing Finance Corporation Ltd, India’s third largest housing finance company announced an increase of 25 basis points in its Retail Prime Lending Rate.
The increase in lending rate is the result in the increase in reverse repo and repo rates by RBI recently.
This change will be effective for its existing customers from July 1, 2011.
DHFL’s current loan portfolio stood at Rs. 14,111.27 crore as on March 31, 2011.
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.