LIC HFL launches ‘Griha Siddhi’

10 May 2017

LIC Housing Finance Limited (LIC HFL) – India’s premier housing financing company has announced launch of its new home loan product ‘Griha Siddhi’. Griha Siddhi loans are customized home loan products that are offered for construction / purchase of house or flat and repairs/renovation to the existing properties.  Loans are offered for a maximum tenure of 30 years or retirement age in case of salaried employees and for other borrowers, the maximum term is up to 25 years.
Under this plan, the company has created a special segment for women borrowers for loans up to Rs.25 lakh at special interest rates of 8.35% p.a. For other borrowers, the interest rate will be charged at 8.40% up to Rs.25 lakh and for loans up to Rs.1 crore, the interest rate will be 8.50% p.a. (EOIC)