Two New home loan schemes by LIC Housing

LIC Housing Finance (LICHFL) launched two new home loan schemes — Bhagyalaxmi Plus and New Fixed 10. Borrowers would get a discount of 0.25% throughout the loan term on conversion to floating rates.

Bhagyalaxmi Plus: Fixed rate of interest of 10.35% for loans up to Rs 75 lakh for the first two years, and floating rate thereafter. Moreover, borrowers would get a discount of 0.25% throughout the loan term on conversion to floating rates.

New Fixed 10: Fixed interest rates for 10 years, out of which first 5 years would carry a rate of 11.50%, for loans up to Rs 75 lakh,