This was the sixth hike in interest rates since May last year, taking the total quantum of increase to 250 basis points
The move comes a day after several lenders, including ICICI Bank, Bank of Baroda and Bank of India, raised interest rates following the RBI's surprise repo rate hike on Wednesday
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
This is the third hike effected by HDFC in the last one month.
