Date:14/11/2004 URL: http://www.thehindubusinessline.com/bline/iw/2004/11/14/stories/2004111400281402.htm

Back Loans could become expensive

If you were planning to borrow to own that dream house or that irresistible 29-inch TV, you might be a bit late. Banks, including State Bank of India, ICICI Bank and Bank of Baroda, are exploring the possibility of raising lending rates after Diwali. HDFC is to raise the interest rate on its home loans across all maturities by 0.50 percentage points soon. This is the first time in four years that HDFC would raise both its fixed and floating rates.

BL Research Bureau