Loans

HDFC'S new scheme — Trufixed interest rate home loans — has been launched as an Independence Day special. Home loans of up to Rs 10 lakh are available at a fixed interest rate of 10.75% and loans above Rs 10 lakh and up to Rs 75 lakh at 11%. In comparison to floating rate loans, the Trufixed loans between Rs 10 lakh and Rs 30 lakh are 50 basis points higher than floating rate loans and in all other categories the difference is 25 basis points.