Indiabulls Housing Finance (IBHFL), country's second largest private housing finance company has launched a limited period offer by reducing the interest rates for their home loans to 10.10%, a reduction of .05 basis points from its existing rate of 10.15%. The rates are applicable from Mar. 12, 2015 onwards up to Apr. 15, 2015.

Gagan Banga, vice chairman & MD, IBHFL, said, ''The RBI has reduced the repo rates twice in the period of three months, giving thumbs up to the government’s path of fiscal consolidation.  One of the key beneficiaries of the repo rate reduction would be home loan borrowers who would see a reduction in their interest outgo. As a leading HFC, this offer is another commitment to our long term relationship with our customers, and we hope that these benefits bring them closer to owning a home of their own.''

With the new ROI at 10.10%, customers can avail home loan of up to Rs 50 lacs with EMI’s starting at Rs 885 per lac, additionally the customers also have the choice of opting for fixed or floating rates on their home loans. IBHFL aims to provide most competitive interest rates and excellent services to our customers. With customized product offerings and hassle-free processes we endeavor to make the Indiabulls experience a superior one.

Shares of the company gained Rs 571.75, to settle at Rs 571.75. The total volume of shares traded was 87,968 at the BSE (Monday).