As per media reports from EtRealty, HDFC, the country's largest housing finance company, has increased home loan rates by up to 20 basis points (100bps = 1 percentage point) today, citing an increase in the cost of funds from last year.

Interest rates on loans up to Rs 30 lakh have been increased by only 5bps to 8.4% from 8.35% for women borrowers. For others in this category, the rate is 8.45% as against 8.4% earlier.

Loans in the Rs 30-75 lakh range are now costlier by 20bps, with loans for women borrowers available at 8.55% and others at 8.6%. There is a similar hike for the Rs 75 lakh-plus category, where women can now avail of loans at 8.65% and others at 8.7%.

HDFC vice-chairman and CEO Keki Mistry said, "Bond yields are over one percentage point higher from their lowest levels last year. If you compare the yield on 10-year government securities in July with what they are now, it is almost up one per cent."

Source:https://realty.economictimes.indiatimes.com/news/industry/hdfc-hikes-home-loan-rates-by-up-to-20-basis-points/63690560