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Mumbai:
Housing Development Finance Corporation (HDFC) has announced
that it will offer home loans up to 20 years maturity
at 7.75 per cent under its adjustable rate scheme. This
offer is for a period of 10 days from 27 October to 5
November 2003 under a special plan, 'HDFC's Diwali home
loan bonanza.'
In
general, HDFC charges 8.75 per cent for a loan up to five
years, 9 per cent for a six-to-10-year loan and 9.50 per
cent for a loan of 11-20 years' maturity.
Under
the HDFC festive offer, a customer availing of this special
scheme will also get benefits of full concession in processing
fees, spot approvals of home loans and free counselling
on legal issues pertaining to property-related matters.
HDFC
has also said that all HDFC offices will remain open on
all the 10 days, including Saturdays and Sundays, for
customers' convenience.
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