LIC home loan interest rate is one of the major reasons for the increasing popularity of this oldest financial institution providing home loans since last two decades. Besides amazing deals on LIC home loan interest rates, the easy repayment options and various flexible EMI schemes is making LIC housing finance limited a preferred destination for home loans. Continue reading to know more about LIC home loan rates and LIC home loan interest rates.

Moreover LIC home loan interest rate is fully dependent on the changing market dynamics. Suitable modifications are continuously being made, so LIC home loan rates are extremely competitive and ensure that the customers are never at loss. Looking at the present housing scenario, LIC home loan interest rates were slashed by 0.5% for all the new loan seekers. The new LIC home loan interest rate has been effective from August 1 st, 2009.

With the latest slash made in the LIC home loan interest rates now customers could enjoy a home loan of up to 75 lakhs by enjoying floating LIC home loan rates of 8.75%, unlike the previous LIC home loan interest rate of 9.25%. For loan amounting to greater than 75 lakhs, customers now have to pay LIC home loan interest rates of 9.5%.

For individuals looking for short term loans, they have the option of financing their homes by paying LIC home loan interest rate of 8.75% for loan up to the amount of 75 lakhs. These LIC home loan rates are valid for 3 years and are valid on all floating as well as fixed LIC home loan interest rate.

These housing loans are available on the buying and purchase of new homes, repair and renovations of existing homes and can be selected by both, the Indians residing in India and also NRIs. Special LIC home loan rates can be enjoyed by pensioners and senior citizens. Contact the nearest branch of LIC housing finance limited and find more about attractive deals on LIC home loan interest rate.