Financial Daily from THE HINDU group of publications
Thursday, May 09, 2002
Financial Daily from THE HINDU group of publications Thursday, May 09, 2002 |
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Money & Banking
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Housing Finance Can Fin Homes cuts rates Our Bureau
BANGALORE: Can Fin Homes Ltd has cut rates on home loans by 50 basis points for all repayment periods above five years. The new rate for 6-10 year term is 10.75 per cent for loans up to Rs 2 lakh and 11.25 per cent for loans above Rs 2 lakh, according to a release. Loans of 11-15 year term will carry 11 per cent for loans up to Rs 2 lakh and 11.5 per cent for loans above Rs 2 lakh. Loans in the 16-20 year term will carry 11.75 per cent and 12 per cent for loans up to and above Rs 2 lakh, respectively. It has also introduced variable rate schemes at 11.5 per cent for all repayment periods and amounts subject to changes in time. Existing customers on fixed loan schemes too can opt for variable schemes on payment of a conversion fee, the release stated.
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