Hudco Offers Cheapest Home Loan for Salaried

Housing & Urban Development Corporation Ltd. (Hudco) has introduced home loans up to Rs 25 lakh for the salaried individuals at the floating interest rate of 10.20 per cent. It is also offering additional features like free personal accident insurance, no charges before sanction, loan for the longest duration of 25 years and no pre-payment charges.

The interest rate on the product is better than the 10.25 percent currently charged by State Bank of India, the market leader in the segment with one of the most aggressive pricing, for home loans of up to Rs 30 lakh.