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LIC Home Loan Interest Rate

LIC Home loan interest rates offer easy and cheap repayment option to its customers seeking to avail the housing finance facility. LIC Home loans are very much aware of the fact that acquiring a home is a monetary engagement for a long period of time. LIC Home loan schemes suit all individuals seeking home loans and are welcomed by people from all sections of the society throught India. LIC home loan interest rates are very noticeable. The company offers attractive and distinctive home loan schemes with separate interest rates making the repayment options more flexible for the people. Keeping in mind the extent of competition in the home loan segment LIC keeps on revamping its rate of interests with time thereby keeping up with the market movements with a view to make the housing loans comfortable and attractive for the customers.

LIC Home Loan Rates

The LIC Home loan interest rate on LIC Fix-o-floaty home loan scheme is 8.9% on floating rate of interest as in August '09. The fixed rate of interest is charged at 10.50% per annum. LIC sanctions only 85% of the total housing property. The customer can choose between fixed rate of interest and the floating interest rate while availing a housing loan.

One has to consider the element of interest rates before one opts for any home loan scheme as its the basis on which one repays the amount of loan acquired. Various housing finance lenders like private banks, nationalized banks and other financial institutions claim to offer housing loan services at customer-friendly interest rates contesting with each other to catch the customer's attention considering the extent of potential India's realty sector possesses. This has also compelled the banks to cut down on their home loan interest rates.
The LIC Housing loan rate of interest are customized depending upon the client's profile. Its recommended that any home loan seeker should a thorough study of the home loan market before he/she goes for any particular home loan scheme. The interest rates in India are determined by the 'Financial Authority Of India' and is solely responsible to decide upon the home loan rate of interest for all banks and financial institutions lending home loans in India.

To get more on LIC HOME LOAN INTEREST RATES you can log on: www.lichousing.com

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