/ Indiabulls Housing Finance Reduces Its Home Loan Rates By 45 Basis Points To 8.65% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 4 January 2017

Indiabulls Housing Finance Limited (IBHFL), India's 2nd largest housing finance company announced its revised home loan rate of 8.65%, a reduction of 45 basis points for its customers, effective January 03, 2017.

Gagan Banga, Vice chairman and Managing Director, Indiabulls Housing Finance said, "IBHFL's diversified funding mix and ALM matched nature of our liabitities has enabled the company to reduce home loan rates by 45 bps. Home loan rates are now at their lowest in six years and tremendously improves buyers, affordabitity. The cut in rates; the recently announced enhancement in Prime Minister's Awas Yojona subsidies; and tax deductions against home loan repayments, make the EMI cheque smaller than the rent cheque for buyers of affordable houses for the first time in more than a decade."

Customer convenience is IBHFL's primary concern and the company continually looks for means to reduce cost of loan to house buyers. IBHFL's industry-first eHome Loans - an end-to-end online home loan fulfilment platform - is a vast leap in customer convenience and efficiency of operations. Benefits from this in costs and increased responsiveness ultimately accrue to IBHFL'S customers.
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