LIC home loan.

Q: Hi,

I want to go for 40L LIC home loan.
What is the current fixed and floating interest rate for 40L in LIC ? Recently RBI has reduced basis point, will there be any change in LIC floating interest rate ? At this time, which is best , going for fixed or floating interest rate ? Any other suggestion ?

Thanks and regards
Sundar

Sunmugasundaram, Apartment Resident

21st April 2012

Home Loan in Bangalore

home loan interest rates

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Replies (5)

Hi all, please share your experiences here regarding home loans... The info will be very useful to us..

chaitanya.bhatnagar,

26th April 2012

Comment

Hi all, give us some updates on interest rates, loan EMI etc after you get the loan.

charanjeet, Gurgaon

24th April 2012

Comment

I too suggest fixed interest rate, the floating interest is better to choose at a point where the interest rates are high.

abhinava.nair,

24th April 2012

Comment

Which project are you planning to invest in?

charanjeet, Gurgaon

23rd April 2012

Comment

Hi, as far as I know, some of the banks have reduced the interest rates now. However this is not permanent, the rates will increase again in an year or so. I would suggest you to choose floating interest rate if your loan period is a shorter one, say 2 years from now. Fixed interest rate is better option if it's a long term loan.

Bhargav Dev, Bangalore

23rd April 2012

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