HDFC, ICICI raise home loan rates by up to 0.75%

Home, auto and other retail loans will cost up to 0.75 per cent more, with lenders HDFC, ICICI Bank and SBI on Monday announcing an increase in interest rates following the Reserve Bank squeeze on money supply. HDFC will raise its minimum floating rate for home loans by 0.75 per cent to 11 per cent for new customers from 10.25 per cent from tomorrow, while the existing customers will have to shell out 0.50 per cent more at 10.75 per cent.