Can Fin Homes cuts loan rates by 50 basis points
By Our Banking Bureau | 09 May 2002
Loans of the 11-to-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-to-20-year-term will carry 11.75 per cent and 12 per cent for loans up to and above Rs 2 lakh, respectively.
The company 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.