After ICICI Bank, HDFC, LIC Housing Finance, Axis Bank and public sector IDBI Bank on recently launched a fixed interest housing loan scheme. It offering new loans from 10.75 per cent.
The new scheme is applicable between 2011, October 15 and December 31.
Under the new offering, borrowers under Rs 25 lakh opting for a one year fixed rate, will have to pay an interest of 10.75%, which is at par with its base rate, while for the two year product, it will be 11% Additionally, it has also waived processing fee for home loans till Rs 25 lakh.
For floating rate customers, it has slashed its interest rate by up to 0.50% and a loan under Rs 25 lakh will now be available at 10.75 per cent.
The new scheme is applicable between 2011, October 15 and December 31.
Under the new offering, borrowers under Rs 25 lakh opting for a one year fixed rate, will have to pay an interest of 10.75%, which is at par with its base rate, while for the two year product, it will be 11% Additionally, it has also waived processing fee for home loans till Rs 25 lakh.
For floating rate customers, it has slashed its interest rate by up to 0.50% and a loan under Rs 25 lakh will now be available at 10.75 per cent.
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