Indiabulls Housing Finance raises lending rates

The mortgage lending company has revised its reference interest rates for all loans by 10 basis points.

The new interest rates will apply to new customers from September 15 and for existing borrowers from the next payment cycle in October.

Indiabulls Housing Finance is a housing finance company regulated by the National Housing Bank (NHB). The company offers low-cost home loans in the affordable housing segment.

On a consolidated basis, Indiabulls Housing Finance net profit increased by 1.8% to Rs.286.64 crore on a 10.7% decrease in total revenue to Rs.2077.72 crore on 1 June 2022 from 1 June 2021 .

Indiabulls Housing Finance shares were up 1.69% to Rs.138.10 on Wednesday 14th September 2022.

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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

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Initial publication: Thu 15 Sep 2022. 08:52 IST

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