MUMBAI: Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh. After the recent merger of Dena Bank and Vijaya Bank with it, Bank of Baroda has emerged out as one of the top five public banks of India. Everybody wants to have lower interest rates on their home loan and ranging from 8.50% - 10.60% per annum, Bank of Baroda home loan interest rates suit many customers. The final rate of interest will be Home LIC Housing Finance LIC Housing Loan Against Property. LIC Housing Finance offers Loan Against property @ 9.50% p.a. onwards for loan amounts starting from Rs 2 lakh and for tenures of up to 15 years. It also offers Lease Rental Discounting, a loan scheme offered against rental income obtained from rented properties. Between Rs. 20 Lakhs and Rs. 75 Lakhs: 80% of the total cost. Above Rs. 75 Lakhs: 75% of the total cost. Maximum tenure of the loan. For Salaried class: maximum 30 years of age. For Self-Employed class: maximum 20 years of age. Repayment method. In terms of EMIs. Interest Rate. Joining industry peers, mortgage lender LIC Housing Finance joined raised home loan rate by 35 bps. The move, which comes a week after an increase by bigger rival HDFC by a similar quantum, entails that the minimum rate of interest will get revised to 8.65 per cent for the best-rated borrower. LIC HFL offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility. LIC HFL Home Loan Features u8M7z2N. LIC Plot Loan. Life Insurance Corporation Housing Finance Ltd. (LIC HFL) offers two different kinds of plot loans for the purchase of residential plot of land. Interest rates range from 6.90% p.a. to 7.90% p.a. depending on the type of employment and Credit Score of the applicant. Repayment tenures can go up to 30 years with a maximum loan Interest: Axis Bank LIC loan against policy interest rate varies between 10.50% and 12.75% p.a. and charged only to the extent of the amount withdrawn from the account. Processing fee: Processing fee of 0.15% of the loan amount or Rs. 1,000 + GST whichever is higher, and renewal fee of Rs. 1,000 + GST will be collected. Gopika Gopakumar 2 min read 12 Mar 2023, 11:10 PM IST. Home loan borrowers, who had taken loans at 6.5% earlier this fiscal year, have seen their borrowing costs increase to 9%. istock. MUMBAI: Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh. LIC’s current rate of interest is ranging from 10% to 12% per annum. The loan will be secured itself by your Policy. Life Insurance Corporation charges a very low amount of interest with a friendly nature to pay the principal amount. It makes low interest so you can also go for a personal loan option. RBI hikes repo rate by 25 basis points to 6.5%. The Reserve Bank of India (RBI) on February 8, 2023, increased the repo rate for the 6th time in a row by 25 basis points. With the current hike, the repo rate now stands at 6.50%. The move by the RBI will result in home loans getting costlier. ***.

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