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,
One of India’s top three housing finance companies, LIC Housing Finance Ltd announced a new home loan product on 2-Aug. On a floating rate basis, LIC Housing Finance launched a new home loan product “Freedom”.
Customers have an option to fix their rate for 5 years after of the first amount of loan. They can revise this option once, with in one year of of obtaining the loan. But term & condition has not been specified.
New Home Loan Rates Introduced By LIC Known As Freedom. Under These Rates:
Loans Upto 30 Lacs |
Interest Rate is 9.9 % |
30 Lacs-75 Lac Loan |
Interest Rate is 10.35 % |
Loans Above 75 Lacs |
Interest Rate is 10.75 % |
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.
