Delhi Cooperative Housing Finance Corporation Limited (DCHFCL) has slashed Home Loan interest rates from 7.45 per cent to 6.75 per cent. The news rates are effective from 21 January 2021.
The fall in interest rates was announced after the Delhi Government declared 20% reduction of circle rates on properties in the capital for 6 months. The government had directed the Housing Corporation to reduce Home Loan Interest Rates and ease the cash crunch of people struggling due to COVID19.
The reduction in circle rates is applicable on residential, commercial and industrial. The press statement of government said, “With the reduction in circle rates, the common people will be able to realize the dream of buying a house for their family.”
Delhi Cooperative Minister Rajendra Pal Gautam in the press statement said, on the resolve of the CM Arvind Kejriwal, I have directed to reduce the interest rates as compared to private banks so that the common people can avail loans at cheaper rates to buy a house.
Impact on Home Loan EMIs
The reduced rates are lowest Home Loan Interest Rates and thus result in lowest Home Loan EMIs.
Existing
New
Home Loan Interest Rates
7.45%
6.75%
Home Loan EMI/ Lakh
Rs 803
Rs 760
Furthermore, the Housing Corporation is also planning to launch a new housing loan scheme for middle class and weaker income sections.
The cut of 20 percent circle rate should reduce stamp duty or registration charges by 1 percent. Particularly in posh localities such as New Friends Colony, Friends Colony, Maharani Bagh, Vasant Vihar, Anand Niketan the impact should be seen. In these areas market rate is lower than the circle rate.
Reduced circle rate & interest rates will certainly improve real estate sector’s sentiment. It should boost volume of property transactions. The FM has also boosted affordable housing in the budget 2021. Together all these steps, should build movement in real estate transactions and revive economy after COVID shocks.
Right steps to propel property buying and selling activity in the Capital!
Updated On Jun 30, 2026
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Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
