LIC Housing Finance will launch a completely fixed interest rate home loan product next month. The company will offer this fix rate home loan after the Reserve Bank of India's policy review on December 16, 2011.
All the existing home loan products are combination products with varying periods of fixed and floating rates but this new product will be first of its kind in the home-loan market. LIC has also introduced a new product - New Freedom - with a floating rate of interest at 10.40 per cent.
Further, the company is likely to launch the proposed Rs 500-crore real estate venture capital fund in January with an initial fund size of Rs 200 crore. It has already tied-up for this amount and the first tranche will be launched next month.
Launched in 1989 as per Companies Act, 1956 LIC Housing Finance has grown to be one of the largest lender in home-finance market.
| 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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