LIC's housing finance
subsidiary LIC Housing Finance Ltd (LIC HFL) launched a new loan product for
women that is offering a 0.25% discount on card rate.
Bhagyalakshmi..!
The product,
christened "Bhagyalakshmi", will attract a 10% interest for
the first two (2) years, which is 0.25% lower than the LIC HFL's card rate.
After the completion
of the two year term, it will turn into a floating interest rate product, with
the interest rate being linked to the firms's prime lending rate (PLR).
Even after the
migration to floating interest rate, the rate of interest will be 0.25% lower.
The floating rate "will be set at 0. 25% lower than the rates applicable
for other floating category housing loans.
The offer is valid
till March 31, 2013.
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