Wednesday, July 22, 2020

LIC Housing Finance slashes home loan rate to all-time low of 6.9%

The mortgage lender said it’s total loans under moratorium was below 25%, out of which 60% of the construction finance book was under moratorium. From its total construction book of Rs 13,000 crore, upwards of Rs 8000 crore of loans are under moratorium. The silver lining is more than 46,000 borrowers largely retail, have started paying their dues, Mohanty said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2CsPGxZ

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