LIC Housing Finance trims interest rates by 50 bps
Monday, 17 August 2009, 23:04 IST
By SiliconIndia
By SiliconIndia
Bangalore: LIC Housing Finance has cut interest rates for its new customers under floating rate loans and three year fix-o-floaty rate loans with effect from August 1, 2009.
For home loan borrowers preferring floating rates, the special offer rates for new customers for loans up to Rs.75 lakh will be 8.75 percent. Earlier the special offer rates for loans above Rs.30 lakhs up to Rs.75 lakhs were priced at 9.25 percent.
Similarly, for home loan borrowers opting for the three year, where one can shift from fix to floating scheme, the rates for new customers for loans up to Rs.75 lakhs will be 8.90 percent. The earlier rate of interest for loans above Rs.30 lakh up to Rs.75 lakh was 9.50 percent.
For home loan borrowers preferring floating rates, the special offer rates for new customers for loans up to Rs.75 lakh will be 8.75 percent. Earlier the special offer rates for loans above Rs.30 lakhs up to Rs.75 lakhs were priced at 9.25 percent.
Similarly, for home loan borrowers opting for the three year, where one can shift from fix to floating scheme, the rates for new customers for loans up to Rs.75 lakhs will be 8.90 percent. The earlier rate of interest for loans above Rs.30 lakh up to Rs.75 lakh was 9.50 percent.
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