The LIC HFL, the largest housing finance company in the country has announced on Monday that it has decreased the interest rate on home loans by 0.25 %. This new interest rate comes into effect from 15th October and valid up to 30th November. During this period the LIC HFL offers home loans with lower processing charges.
According to the company’s reliable sources, the interest rate for Bhagyalakshmi Plus, intended for women borrower as first property holder, will start from 10.10 % for the first two years. Also, an extra discount of 0.25 % is applicable throughout the repaying period of the loan after switching to floating interest rate following the fixed period.