Financial Daily from THE HINDU group of publications
Saturday, Sep 18, 2004
Financial Daily from THE HINDU group of publications Saturday, Sep 18, 2004 |
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Marketing
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Promotions & Offers Money & Banking - Housing Finance LIC Housing special offer Our Bureau
KOCHI: LIC Housing Finance Ltd has announced special rates of interest for policyholders, by offering 0.25 percentage-point rebate on interest to all the new applicants who have adequate LIC policy. The present rates are 7.5 per cent (floating) for 20 years for any amount and 8 per cent fixed rate of interest. LIC policyholders are eligible for 7.25 per cent floating and 7.75 per cent fixed rate of interest. Mr P. Radhakrishnan, Manager (Operations) LIC HFL said in a release. The company also offers additional benefit to Jeevan Shree policyholders of LIC by way of concession in processing fee also. All these offers will be valid for a limited period. The company has also brought out a new product combining the benefits of both fixed and floating interest rates called fixed-floating rate of interest wherein the rate is fixed for the first five years at the end of which the loanee can opt for fixed or floating rate of interest.
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