Indiabulls Housing Finance raises home loan interest rate by 25bps, EMIs to rise
Indiabulls Housing Finance has increased its lending rates on housing and MSME loans. The hike was made 25 basis points on these term loans and follows recent revisions from other major real estate lenders and banks. However, the revised tariffs will come into effect from August 1 for new customers, while the tariffs will be applicable from August 5 for existing customers. The announcement comes ahead of RBI’s monetary policy which is due later this week.