LIC Housing Finance launches new home loan product

LIC Housing Finance today launched a new product, 'Griha Siddhi', which will offer loans for construction, purchase of house or flat and repairs or renovation to the existing properties.
Under the new product, borrowers will be offered interest rate of 8.40 per cent up to Rs 25 lakh and for loans up to Rs 1 crore, the interest rate will be 8.50 per cent per annum, the company said in a statement here today.
For women borrowers, the mortgage lender is offering a special interest rate of 8.35 per cent for loans up to Rs 25 lakh.