1.Industrial Development Bank of India Ltd. (IDBI) has decided to raise its Retail Reference Rate (RRR), the benchmark used by the Bank for pricing of its floating rate Home Loans, by 75 bps w.e.f April 10, 2007.
2.Accordingly, Retail Reference Rate (RRR) has risen from 10.50% p.a. to 11.25% p.a. w.e.f April 10, 2007. The floating interest rates of all existing Home Loan customers of the Bank has moved up by 0.75% p.a w.e.f April 10, 2007.
3.Accordingly, the Bank's floating rate home loans w.e.f April 10, 2007 stand revised to 11.00%-11.25% p.a., depending on the category of the borrowers.
4.The fixed rate of interest on Home Loans, effective April 10, 2007, for three years shall range from 13.5% p.a. to 14% p.a. while that for five years shall range from 13.75% p.a. to 14.25% p.a.
Sourced From: Adfactors Public Relations Pvt Ltd
Wednesday 18 April, 2007
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This blog is a personal blog written and edited by me. For questions about this blog, please contact me.
This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.
This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. The owner(s) of this blog is compensated to provide opinion on products, services, websites and various other topics. Even though the owner(s) of this blog receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. Every effort is made to make the sponsored post identifiable but at times due to advertisers restrictions the same may not be feasible all the time.The views and opinions expressed on this blog are purely the bloggers' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.
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