HDFC home loan offer: Housing Development Finance Corp (HDFC) has announced on Tuesday to offer home loan interest rates from 6.7 percent. “We are pleased to announce the special home loans rates for the upcoming festive season,” Renu Sud Karnad, managing director, HDFC Ltd in a statement.

As per HDFC, this offer is a close-ended scheme and will be valid till 31 October 2021. Under HDFC’s special festive offer, home loans are offered at 6.70% for all loan slabs and customers with a credit score of 800 and above. Before this special offer, the rate for salaried customers for loans above Rs 75 lakh and credit score of 800 and above was 7.15 % and for self-employed was 7.30%. Hence, the effective cut for these customers could be up to 45 bps for salaried and up to 60 bps for self-employed.

As a result of this revised policy, salaried borrowers could see their interest rates come down by 45 basis points (100bps = 1 percentage point) and creditworthy self-employed borrowers seeking loans above Rs 75 lakh would see their interest costs drop by up to 60bps.

Speaking to News 18, the HDFC managing director said that housing is much more affordable today than it ever was and in the last couple of years, property prices have more or less remained the same in major pockets across the country while income levels have gone up. He said that the record low interest rates, subsidies under PMAY, and tax benefits have also helped. 

How to apply for a home loan: The HDFC Bank in a statement said that the concession on home loan interest rate will be applicable till October 31 and the customers can also apply for home loans online by visiting Customers can also apply for home loans online by visiting

Apart from the HDFC bank, several other banks in a couple of months, have slashed the interest on home loans in an effort to woo new homebuyers during the upcoming festive season.

Meanwhile, The country’s top lender State Bank of India (SBI) has issued a notice to its account holders. The bank has intimated the customers to link their PAN with their Aadhaar card by month-end. The Bank has further said that if they fail to do so, they will face difficulty enjoying a seamless banking service.Taking it to Twitter, SBI said that the bank advises its customers to link their PAN with an Aadhaar card to avoid any inconvenience. The bank has also warned that customers will face issues in availing services if they don’t link PAN with Aadhaar within the deadline.