Recently, the company had increased its interest rates by 50 basis points, following the Reserve Bank decision to hike the short term lending and borrowing rates by 0.25 per cent.
The floating rate for home loans has been raised from 9 per cent to 9.5 per cent, while the fixed rate will be 11 per cent from 10.5 per cent. The prime lending rate will now be 12.25 per cent from 11.75 per cent.
The new lending rates were effective from 1 August, 2006.
UNI RA DKS GC1852