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>> Leading Products
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Leading Products
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LIC Housing Finance Limited announces Three Lending Products
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1. Floating Rate : For Home Loan borrowers preferring Floating rates ab-initio the Special Offer Rates for new customers for loans upto Rs. 1.50 crs will be 8.75%. Earlier the Special Offer Rates for Loans above Rs. 75 lacs upto Rs. 1.50 Crs were priced at 9.75%
2. New Fix O Floaty : For Home Loan borrowers opting for short term fixed rate the new Fix O Floaty offers loans at a competitive rate of 8.90% fixed upto 31.03.2012 for loans upto Rs. 1.50 Crs. and thereafter on floating basis. The earlier rate of interest for loans above Rs. 75 lacs upto Rs. 1.50 Crs was 9.90%
3. Advantage 5 : In the emerging market scenario movement of interest is unpredictable and many customers may look for fixed lending rate for a considerable long period. LICHFL has brought out a unique product called Advantage 5 whereunder the lending rates are fixed at 9.25% for 5 years and thereafter on floating basis.
The rates will be effective w.e.f 1st July 2010 till further review.
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