HDFC Bank cuts auto loan rates by up to 0.5%

Private sector lender HDFC Bank has decided to slash auto loan rates by up to 0.5 per cent, a day after the Reserve Bank of India cut its policy rates. The interest rate on car loans will be lowered by 0.25 per cent while two-wheeler loans will be cheaper by 0.5 per cent, a senior bank official confirmed. Commercial vehicle loans will be cheaper by 0.25 per cent. The new rates would be effective from February 1, the official ...