LIC housing finance
NHB home loan interest cap of 10.75% to safeguard interests of Priority customers
The National Housing Bank (NHB), the wholly owned subsidiary of the Reserve Bank of India (RBI), which supports the housing finance sector has set a cap on the lending rates for specialised mortgage lenders such as LIC Housing Finance, which are dependant on the NHB for seeking refinance. This measure by the NHB comes at a time when […]
LIC Housing Finance launches 2 new home loan schemes
Mumbai: Two new home loan schemes named Bhagyalaxmi Plus and New Fixed 10, have been launched by the Housing Finance Company – LIC Housing Finance (LICHFL). This announcement comes after the Reserve Bank of India (RBI) recently cautioned banks as well as prospective home-loan customers about the various and numerous pitfalls of ‘innovative loan schemes’ which […]
