By Accommodation Times
DHFL Vysya Housing Finance has launched a new scheme for rural housing, under the National Housing Bank’s Refinance Scheme of Rural Housing Fund. Bank is offering low interest rates on home loans at 9.35 per cent for a fixed tenure of 7 years, the maximum amount of loan available is Rs 15 lakh.
As per the recent circulation of NHB given to all the housing finance companies, they have mentioned that with effect from February 1, NHB has reduced the interest rate under this refinance scheme to 7.35 per cent, and has advised HFCs to grant housing loans under this scheme with interest rates not exceeding 9.35 per cent.
R Nambirajan, Managing Director, DHFL Vysya Housing Finance, said we are the first to initiate the reduction of interest rates and grant housing loans upto 15 years, with interest rate fixed for first-seven years at 9.35 per cent, and thereafter floating with a minimum of 11.50 per cent from the 8th year to 15th year.
DHFL Vysya Housing Finance is a sister-concern company to Dewan Housing Finance Corporation Ltd., one of the leading private sector Housing Finance Company (DHFL) in India. The HFC is dedicated in providing home loans to middle-income groups, low-income groups and rural people.