LIC Housing Finance launches new home loan product

LIC Housing Finance launched a new product `Griha Siddhi’ which will offer loans for construction, purchase of the house or flat and repairs or renovation to the existing properties.

Under the new product, borrowers will be offered the interest rate of 8.40% up to Rs 25 lakh and for loans up to Rs 1 crore the interest rate will be 8.50% per annum. For women borrowers, the mortgage lender is offering a special interest rate of 8.35% for loans up to Rs 25 lakh.

Important Takeaways from above News for BOB PO Exam-
  • Chairman of LIC is Vijay Kumar Sharma
  • Life Corporation of India was founded on 1 September 1956 and its headquarter is Mumbai.
Source- The Hindu

If you have any other takeaways, do share with us in the comment section

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