Bangalore:
Can Fin Homes Ltd
(CFHL) has cut its housing loan rates by 25-50 basis points for
various repayment periods. From 1 June 2002, CFHL is offering
loans for the five-year-term at 10 per cent, while loans above Rs
2 lakh in the six-to-10-year-period are at 11 per cent, and those
in the 110-to-15-year-period are charged 11.25 per cent.
Loans up
to Rs 2 lakh in the six-to-10-year-period and the 11-to-15-year-period
are at 10.75 per cent and 11 per cent, respectively. Loans
in the 16-to-20-year-period up to Rs 2 lakh are at 11.5
per cent, while those above Rs 2 lakh are at 11.75 per
cent.
CFHLs variable
interest rate for all periods and slabs are at 11 per
cent. Effective from 1 June CFHL has also reduced deposit
rates. The new rates for monthly and quarterly interest
options are 8 per cent for deposits of 12-to-23-months;
8.25 per cent for 24-to-35
months; 8.5 per cent for 36-to-47 months; 8.75
per cent
for 48-to-59 months; and 9 per cent for 60-to-84 months.
The yearly interest option for the same terms are 8.25
per cent, 8.75 per cent, 9 per cent, 9.25 per cent and
9.5 per cent, respectively.
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