LIC Housing Finance cuts loan rate - Livemint

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LIC Housing Finance cuts loan rate - Livemint Oct 14th 2013, 11:56 Mumbai: LIC Housing Finance Ltd on Monday reduced its home loan rates by 25 basis points, effective Tuesday and valid up to 30 November. As part of this festive offer, the housing finance company also reduced its processing fee. One basis point is one-hundredth of a percentage point. The home loan rates will range between 10.1-10.35% for the first two years and then will covert into floating rates. Fixed loans for 10 years will be offered at 11.25-12.25%, the mortgage company said in a statement.

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