Housing Development Finance Corporation (HDFC), leading housing finance provider, Monday announced a reduction in its retail prime lending rate (RPLR) by 25 basis points, with effect from Oct. 06, 2015. This reduction would benefit all customers.

The effective home loan rates for new customers would be 9.65% p.a. and for women will be 5 basis points lower at 9.60% p.a.

The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs)/ PIO's Card holders.

HDFC has recently made similar reduction in its deposit rates across all maturities.

Shares of the company declined Rs 2.3, or 0.18%, to trade at Rs 1,253.70. The total volume of shares traded was 15,383 at the BSE (9.39 a.m., Tuesday).