Mortgage financier LIC Housing Finance (LIC HFL) on Friday increased interest rate on home loans by 20 basis points to 6.9 per cent, from 6.7 per cent, for select borrowers. For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates areThe Central Bank of India’s home loan is known as Cent Home Loan. The rate of interest of loan is between 8.20% to 9.00% and there is a rebate for women applying for the loan, which is 7.00% LIC Home Loan Interest Rates and Charges 2023. Interest Rate. 8.65% p.a. onwards for salaried applicants. 8.75% p.a. for self-employed applicants. Loan Amount. Up to ₹15 Cr. Processing Fees. 0.25% of the loan amount subject to a maximum of ₹10,000 + GST (for loans up to ₹2 Crores) 0.25% of the loan amount subject to a maximum of ₹25,000
Interest rate on home loan have risen sharply in last one and half year which has impacted borrowers significantly and they are looking for ways for reduce this burden. LIC Housing Finance is now offering a facility to make online request to interest rate reduction on home loan. Read on to know how this facility works and how you can save big with this option.
LIC Loan Interest Rate 2023. The LIC housing loan interest rate differs as per the scheme you are choosing for your home loan. Lately, LIC announced that they would be providing loans at as lower as 6.9% p.a. However, this Range could differ on the Basis of your Credit Score, loan amount, profession, and other relevant aspects.HDFC offers home loans starting at 6.70% p.a. with interest concession for women borrowers. There are also different variants of the home loan such as the two-year fixed rate variant and the adjustable rate home loan. The interest rate on HDFC home loans also changes with the quantum of loan applied for and other factors.
The Life Insurance Corporation of India (LIC) has recently modified the interest rates of PMVVY schemeLaunched in 2017, this pension scheme for senior citizens will attract a fixed interest rate
The LIC Housing website states that the interest rate on a home loan up to Rs 15 crore for professionals and salaried people with a Cibil score of 800 or higher will be 8 percent. The interest rate on a house loan up to Rs 5 crore will be 8.05 percent for people with a Cibil score between 750 and 799. .