HDFC Waives Processing Fee On Home Improvement Loans, Lowers Interest Rates For Kerala

Mortgage lender HDFC Ltd has said it will provide home improvement loans at a lower rate of interest and charge no processing fee to the flood affected people in Kerala to help them rebuild their properties.

Under 'Rebuild Kerala', the lender will offer home improvement loans at 8.50 per cent without charging any processing fee. Understanding the gravity of the situation, HDFC has decided to contribute to rebuilding properties ravaged by floods in Kerala, a company statement said.

The home improvement loan will be applicable to properties located in Kerala irrespective of the location of the customer applying for the loan. HDFC said this will be valid only for all loan applications submitted up to October 31, 2018.This offer is applicable to NRIs and PIOs (persons of Indian origin) as well.