Which of the following bank has recently launched a new home loan product “Women Power” with a differential rate of interest exclusively for women customers?

Which of the following bank has recently launched a new home loan product “Women Power” with a differential rate of interest exclusively for women customers?
[A]ICICI Bank
[B]HDFC Bank
[C]IDBI Bank
[D]SBI

HDFC Bank
Housing Development Finance Corporation Ltd (HDFC Ltd), has launched a Home Loan product “Women Power” with a differential rate of interest exclusively for women customers. On this product, the applicable rate of interest is 9.85% pa, which is 5 bps below its normal applicable home loan rate under the variable rate product. Women should be the Sole or Joint owner of the property and a First applicant / co-applicant to the loan.

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This question "Which of the following bank has recently launched a new home loan product “Women Power” with a differential rate of interest exclusively for women customers?" was published on GKToday on April 25, 2015 at 10:38 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments

  • devansh
    Reply

    the answer should be SBI, which provided loan for women at 9.85%, by deducting 10 base points

    • Swati

      The loan product ‘Women Power’ is offered by HDFC at an interest rate of 9.85% to women customers. So the answer is HDFC and not SBI.

  • arwindsharma
    Reply

    Absolutely the new home loan product “Women power” offered by HDFC bank at an low interest rate. But in course of my knowledge Bajaj Finserv also provide a foremost rate of interest for home loan.Check here about the interest rate:
    https://www.bajajfinserv.in/finance/home-loan/salaried-home-loan-fees-and-interest-rates.aspx