If the situation in the financial markets remain stable, the housing finance company would not increase the rates on home loans till March 2005, HDFC chairman Deepak Parekh told reporters on the sidelines of the World Bank's conference on 'Improving India's Investment Climate' in Mumbai.
Our rates depend on the cost of borrowing and if this (borrowing cost) rises, it would be passed on to the customers, he said. Customers should now be ready for ups and downs in interest rates like the trend in other countries, Parekh said.
On November 20, HDFC had hiked interest rates for floating rate home loans by 0.50 per cent. However, it had left the fixed rates untouched.
The revised rates for floating rate home loans are 7.5 per cent onwards. The fixed home loan rates would continue to range between 8.25 per cent to 8.75 per cent.
On plans for raising resources, he said HDFC does not have any immediate plans to raise resources. Commenting on the liquidity conditions in the market, he said few weeks ago the situation was tight due to a host of factors, including tax payments but now a conditions have eased in the system.
© 2026