Money & Banking

LIC Housing cuts home loan rates by 0.25%

| | Updated on: Oct 14, 2013

LIC Housing Finance Ltd (LIC HFL) reduced its home loan rates by 0.25 per cent as a festival offer between October 15 and November 30, 2013.

Special rates of processing fees will also be offered during the period, the company said in a statement.

In the Bhagyalakshmi Plus scheme, specially designed for women borrowers as first property owners, the rate will be from 10.10 per cent onwards for the first fixed period of two years. An additional rebate of 0.25 per cent will be applicable throughout the loan term after conversion to floating rate, the company said. 

The company also reduced interest rates by 0.25 per cent in its other schemes, namely, New Fixed 10 starting from 11.25 per cent, which is fixed for 10 years with borrowers given the choice to convert to a floating rate at the end of five years.  Another ‘sure fixed’ scheme is offered at an interest rate of 12.25 per cent.

Published on March 12, 2018

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