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LIC HFL reduces home loan rates by 0.25% as festival offer

Super Choice scheme for general borrowers will carry interest rate from 10.35%

October 14, 2013 4:25 IST | India Infoline News Service
LIC Housing Finance Ltd (LIC HFL) has reduced its home loan rates by 0.25% as festival offer with effect from 15th October 2013. This is for a limited period up to 30th November 2013. Special rates of processing fees are also offered during the festive period.

The rate of interest for Bhagyalakshmi Plus, which is specially designed for women borrower as first property owner will be from 10.10% onwards for the first fixed period of 2 years. An additional rebate of 0.25% throughout the loan term is applicable after conversion to floating rate after the fixed period.

Super Choice scheme for general borrowers will carry interest rate from 10.35%. In this scheme, the interest rate will be fixed for the first 2 years and converted to floating thereafter.

The company also reduced interest rates by 0.25% in its other schemes viz. New Fixed 10 starting from 11.25% which is fixed for 10 years with choice given to borrowers to exercise conversion to floating at the end of 5 years. Sure Fixed which is pure fixed product offers interest rate at 12.25%.

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