Financial Daily from THE HINDU group of publications
Tuesday, Apr 13, 2004
Financial Daily from THE HINDU group of publications Tuesday, Apr 13, 2004 |
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Money & Banking
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Housing Finance Can Fin Homes' new rate structure Our Bureau
BANGALORE: Can Fin Homes has introduced a new interest rate structure which will be applicable for all loans sanctioned from April 1. The interest calculation is on daily reducing balance basis. The new fixed rates are 7.5 per cent for loans with repayment period of 5 years, 8 per cent for 6 to 10 years and 8.5 per cent for 11 to 20 years, while the variable interest rates are customised rates of 7.5 per cent, 7.75 per cent and 8.25 per cent, says a bank press release.
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