HUDCO cuts lending rates

HUDCO cuts lending rates New Delhi: The Housing and Urban Development Corporation Limited (HUDCO) has said it had reduced lending rate by 25 basis points in its floating rate, on most of its lendings on housing and urban infrastructure development projects.

With this reduction, the floating interest rates for Economically Weaker Sections and Lower Income Group housing categories would range from 8.25 percent to 8.75 percent, a HUDCO release said.

In respect of HUDCO Niwas, the individual lending scheme of HUDCO, the floating interest rates would henceforth be 10 percent for loans up to Rs 25 lakh for housing, the release added.

PTI