LIC Housing Finance, a housing finance company has reduced home loan rates by 0.25% with effect from October 15. The new rates on home loans are applicable up to November 30. In addition, the company is also offering lower processing fee during this period.
For general borrowers, Super Choice scheme will carry interest rate from 10.35% whereby the interest rate in this scheme will be fixed for the first 2 years and converted to floating thereafter. The rate of interest for Bhagyalakshmi Plus, designed for women borrower as first property owner, will be from 10.10% onwards for the first fixed period of two years. An additional rebate of 0.25% throughout the loan term is applicable after conversion to floating rate after the fixed period.
Further, the company has also reduced interest rates by 0.25% in its other schemes like New Fixed 10 starting from 11.25% which is fixed for 10 years with choice given to borrowers to exercise conversion to floating at the end of 5 years. Sure Fixed which is pure fixed product, offers interest rate at 12.25%.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 534.85 |
| Housing & Urban Dev. | 193.65 |
| Bajaj Housing Financ | 89.18 |
| Piramal Finance | 1699.75 |
| PNB Housing Finance | 893.25 |
| View more.. | |
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