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LIC Housing Finance revises interest rates by 40-50 bps

LIC Housing Finance revises interest rates by 40-50 bps

 

Mumbai, August 8, 2011: LIC Housing Finance has announced an increase in its home loan rates for new loans. For loans upto Rs 30 lacs the rates will be 10.65%. For loans above Rs 30 lacs & less than Rs 75 lacs the rates would be 11% whereas for loans of Rs 75 lacs upto Rs 150 lacs the rates would be 11.50%.

                         

About the Company:

 

LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of 205 offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LICHFL Financial Services Ltd. LIC Housing Finance Ltd was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994.  It launched its maiden GDR offering in 2004. The company enjoys the highest rating from CRISIL & CARE indicating highest safety with regard to the ability to service interest and repay principal.  

 

 

For further information please visit the website www.lichousing.com or contact:

 
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