New Delhi, Nov. 21 -- To push growth during festive season, Bajaj Housing Finance Limited (BHFL) reduced the home loan interest rates for new customers. Home buyers can get a loan with an interest rate starting at 6.9% per annum. "This announcement is sure to bring festive-season cheer to home loan borrowers and comes at a time when many require assistance to meet big-ticket expenses," the company said.

With a lower housing loan interest rate, borrowers benefit from smaller EMIs, less interest outgo, cheaper top-up loans. "With a cheaper home loan interest rate, borrowers can balance the EMI and net interest payable to arrive at a manageable debt-to-income ratio. So, even though the principal increases, the EMI can remain same as the hou...