MUMBAI: Mortgage lender LIC Housing Finance Ltd said on Wednesday it has cut interest rates by 75 basis points, effective Jan.1, for its existing home loan borrowers after a reduction in its cost of funds.
New customers would continue to get loans at an offer rate of 9.25/9.75 percent for loans up to 2 million rupees, it said in a press statement.
Source: http://economictimes.indiatimes.com/Markets/Stocks/Market_News/LIC_Housing_cuts_interest_rates_on_home_loans_by_75_bps/articleshow/3918557.cms
New customers would continue to get loans at an offer rate of 9.25/9.75 percent for loans up to 2 million rupees, it said in a press statement.
Source: http://economictimes.indiatimes.com/Markets/Stocks/Market_News/LIC_Housing_cuts_interest_rates_on_home_loans_by_75_bps/articleshow/3918557.cms
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