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Home > Forum > Mumbai > Home Loan > LIC Housing Finance to reduce home loan rates

LIC Housing Finance to reduce home loan rates

Q: I have heard from many people today that LIC Housing Finance has reduce home loan rates. Is it true?

home loan
home loan rates
lic housing finance
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Replies (3)
1
Which are the other schemes in which LIC HFL has reduced the interest rates?
Bikram


Other schemes in which LIC HFL also reduced interest rates by 0.25 per cent are like New Fixed 10 starting from 11.25 per cent which is fixed for 10 years with choice given to borrowers to exercise conversion to floating at the end of 5 years.
Ashish Bhoite,  Mumbai
15th October 2013


2
According to sources, LIC HFL has designed the rate of interest for Bhagyalakshmi Plus for women borrower as first property owner, for the first fixed period of two years the rate of interest will be from 10.10 per cent onwards. It is also said that only after conversion to floating rate after the fixed period, an additional rebate of 0.25 per cent throughout the loan term is applicable.
Deepankar Godbole


LIC HFL has introduced scheme for general borrowers known as "Super Choice" which will carry interest rate from 10.35 per cent. The interest rate will be fixed for the first 2 years in this scheme and later converted to floating rates.
Lalit Verma,  Mumbai
15th October 2013


3
Yes you have heard it right.... LIC HFL has reduced home loan rates by 0.25 percent with effect from 15th October. The new rates will be applicable upto 30th November.
Lalit Verma


A company press release told that LIC HFL is also going to offer lower processing fee during the period,
Ashish Bhoite,  Mumbai
15th October 2013


4

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