LIC HFL Home Loan Interest Rates. The LIC HFL home loan interest rate starts at 8.50% to 8.70%, but varies as per individual profile. Keep a check on this page to note the updated LIC HFL home loan interest rates for the current year. LIC HFL Home Loan Eligibility criteria. Home loan eligibility may differ from one candidate to another. A floating interest rate is an interest rate that moves up and down with the rest of the market or along with an index. It can also be referred to as a variable interest rate because it can vary Current PLR rate of LIC Housing Finance is 14.70%, which the bank fixes periodically based on its internal cost of funds and the current interest rates in the economy. LIC Housing Finance benchmarks its interest rates for home loan and other loans to PLR rates. Is it possible to reduce the interest rate for my housing loan (floating) borrowed from LIC HFL as I am currently being charged 9.9%, whereas
Public Deposit Scheme. Interest rates effective from 26/10/2019 on deposits below ₹ 20 CRORES. TERM, INTEREST RATE P.A. FOR MONTHLY OPTION
The LIC home loan interest rates are linked with LIC Housing Prime Lending Rate (LHPLR), which as on October 7, 2019 stands at 14.70%. Any increase or decrease in LHPLR will also lead to change in the LIC Housing Finance’s home loan rates . Current PLR rate of LIC Housing Finance is 14.70%, which the bank fixes periodically based on its internal cost of funds and the current interest rates in the economy. LIC Housing Finance benchmarks its interest rates for home loan and other loans to PLR rates. Because the initial interest rate was 8.75 in 2010 for the initial 3 years and after that they have changed ROI to the current rate in 2012 to 11.75 but after that several time RBI reviewed and announced several interest changes. But my loan account ROI is still 11.75 whereas the current interest rate even for HDFC is 9.9%
There are mainly two types of interest rates namely, floating & fixed interest rates. Just as the name states, fixed interest rate has rate of interest locked throughout
In the floating-rate period, the rate of interest changes according to the market conditions. LICHFL charges very high interest rates during this period which is a big problem if you have a long repayment tenure. Even a small rise in the interest rate has expensive consequences in the long term. LIC housing loan Interest Rate for 16 Mar 2020 is 8.40% p.a. – 8.50% p.a. Check Different LIC HFL Schemes Processing Fees Eligibility Criteria Documentation Required. LIC home loan interest rates ranging from 8.10% - 8.95%. LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates . The LIC home loan interest rates are linked with LIC Housing Prime Lending Rate (LHPLR), which as on October 7, 2019 stands at 14.70%. Any increase or decrease in LHPLR will also lead to change in the LIC Housing Finance’s home loan rates .
There are mainly two types of interest rates namely, floating & fixed interest rates. Just as the name states, fixed interest rate has rate of interest locked throughout
Finance Company, Home Loan Providers In India,Dubai,Kuwait, Home Loans – With you for your dream home.Find easy Housing Loan for your needs from LIC HFL. Get lowest interest rates and fulfill the dream of owning your dream home. Fixed rate for 5 years @ 10.15% p.a. or as prevailing at the time of disbursement for the period of interest for the loan. After 5 years, the rate of interest will be reset with reference to the then prevailing floating rate of interest linked to LIC Housing Prime Lending Rate(LHPLR). Current LHPLR is 13.75. In the floating-rate period, the rate of interest changes according to the market conditions. LICHFL charges very high interest rates during this period which is a big problem if you have a long repayment tenure. Even a small rise in the interest rate has expensive consequences in the long term.
Is it possible to reduce the interest rate for my housing loan (floating) borrowed from LIC HFL as I am currently being charged 9.9%, whereas
LIC home loan interest rates ranging from 8.10% - 8.95%. LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates . The LIC home loan interest rates are linked with LIC Housing Prime Lending Rate (LHPLR), which as on October 7, 2019 stands at 14.70%. Any increase or decrease in LHPLR will also lead to change in the LIC Housing Finance’s home loan rates . Current PLR rate of LIC Housing Finance is 14.70%, which the bank fixes periodically based on its internal cost of funds and the current interest rates in the economy. LIC Housing Finance benchmarks its interest rates for home loan and other loans to PLR rates. Because the initial interest rate was 8.75 in 2010 for the initial 3 years and after that they have changed ROI to the current rate in 2012 to 11.75 but after that several time RBI reviewed and announced several interest changes. But my loan account ROI is still 11.75 whereas the current interest rate even for HDFC is 9.9% For new customers, LICHFL charges a reasonable 9.80% rate of interest on home loans. This rate remains constant for a certain period called fixed-rate period. The problem begins when the loan enters the floating-rate period. In the floating-rate period, the rate of interest changes according to the market conditions. LIC HFL Home Loan Interest Rates. The LIC HFL home loan interest rate starts at 8.50% to 8.70%, but varies as per individual profile. Keep a check on this page to note the updated LIC HFL home loan interest rates for the current year. LIC HFL Home Loan Eligibility criteria. Home loan eligibility may differ from one candidate to another.