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Thursday, Aug 29, 2002
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LIC Housing reduces rates

Our Bureau

MUMBAI, Aug. 28

LIC Housing Finance Ltd has reduced the floating rate of interest under individual loan schemes to 9.50 per cent from 11.00 per cent previously.

The floating rate of interest was 11.00 per cent for all slabs of term loans up to twenty years, said a press release.

From August 28, the floating rate of interest for a loan term of 1-6 years is 9.50 per cent, 7-12 year term is 10.00 per cent and the 13-20 year term is 10.50 per cent for up to Rs 1 crore.

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