HDFC and ICICI Bank Cut Loan Rates

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New Delhi, Sept. 27, 2007 : If you"re thinking about buying a house or a vehicle, the timing is right. Loans for home and car purchases are getting cheaper with HDFC Ltd, a leading mortgage lender and the ICICI Bank, the country's largest retail lender, announcing cuts in select lending rates.

Both have reduced interest rates on floating housing loans by 50 basis points or 0.5 per cent.

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