This was the sixth hike in interest rates since May last year, taking the total quantum of increase to 250 basis points
This is the third hike effected by HDFC in the last one month.
The bank's move comes after a number of banks raised their external benchmark based lending rates following an increase of 0.40 per cent in the repo rate
The move would increase EMIs for housing loans by the firm
This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.
The rates for new borrowers range between 6.70 per cent and 7.15 per cent, depending on credit and loan amount.
With this increase, the new interest rates, effective from June 20, on home loans will now start from 7.50 per cent, the company said in a release