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LIC Housing Finance launches fixed rate home loan product “New Advantage 5”
Mumbai, September 9, 2011: LIC Housing Finance today announced the launch of a new home loan product “New Advantage 5”. This product is offered at fixed rates of interest for the first five years and floating rates thereafter. The floating rates will be linked to the LHPLR prevailing at the time of the switch. The fixed rate of interest for the first five years is as follows:-
For loans upto Rs 30 lacs: 11.15%
Loans above Rs 30 lacs & less than Rs 75 lacs: 11.40%
Loans of Rs 75 lacs upto Rs 150 lacs: 11.65%
The scheme is available till 31.12.2011 with a condition that the first disbursement should be availed by the customer on or before 15.1.2012.
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:
Tel: 022-2281 3565
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