LICHFL, Thanjavur — Home Loan Rate | |||
I have taken home loan @8.75% in Aug 2009, within six months interest rate raised to @10%. Due to which my loan period increased straightaway from 20 years to 25 years. But till date (Oct.2010) new home loan rate for LICHFL is @9% only. I dont understand why this difference is their? Mahesh Kanse Was this information helpful? | |||
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![Life Insurance Corporation of India [LIC] Phone](/img/bn/phone.svg "Life Insurance Corporation of India [LIC] Phone"){kind=small}
+91 22 2217 8600
+91 75 5267 6254
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I had taken a loan of Rs 4 lacs in May 2008 at floating rates vide loan account number[protected] from LICHFL Kottayam, Kerala.
Vide letter no. LA 601336 dated 16/10/2008 LICHFL Eranakulam informed me that my repayment will end on 5/9/2021 at 11.75% interest at initial EMI.
Vide letter number LA 601336 dated 10/01/2009, LICHFL Eranakulam informed me that my loan refund will end on 5/10/2020 at 11.00% interest with same EMI.
No I have received a letter vide Number LA 601336 dated 30/10/2010 that my loan refund will end on 5/9/2035 with interest rate 10.25% ith same EMI.
will LICHFL reply
Ashish