Housing finance firm DHFL too lowered its home loan rate

Written By Unknown on Selasa, 14 April 2015 | 23.25

The rate has been revised downward from 10.15 percent and the new rate would be effective from Wednesday, DHFL said in a statement.

Housing finance firm DHFL too lowered its home loan rate by 0.25 percent to 9.90 percent. The rate has been revised downward from 10.15 percent and the new rate would be effective from Wednesday, DHFL said in a statement.

"The reduction in the interest rate reflects our commitment towards enabling home ownership in tier 2 and 3 towns for each and every Indian," said Kapil Wadhawan, CMD of DHFL.

Although  SBI had lowered its base rate by 0.15 percent, it later announced a cut in spread over and above the base rate by 0.10 percent for home loans, bringing home loan down to 9.85 percent - at par with base rate - women borrowers.

However, the aggressive posturing by SBI is only for new borrowers, while the older borrowers will continue paying the spreads as per the older contracted rates.

As of December 2014, SBI had outstanding housing loan of Rs 1,52,905 crore as against Rs 1,35,129 crore at the end of third quarter of the previous fiscal registering a growth of 13.15 percent.

It's closest competitor  ICICI Bank had home loan portfolio size of Rs 84,425 crore.  HDFC Ltd had a loan book grew to Rs 2,19,951 crore at the end of last year as against 1,92,284 crore as at December 31, 2013.

ICICI Bank stock price

On April 13, 2015, ICICI Bank closed at Rs 316.90, down Rs 1.35, or 0.42 percent. The 52-week high of the share was Rs 393.30 and the 52-week low was Rs 242.88.


The company's trailing 12-month (TTM) EPS was at Rs 18.81 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 16.85. The latest book value of the company is Rs 126.25 per share. At current value, the price-to-book value of the company is 2.51.


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