General Insurance Corp offers home loans under spl scheme at 7.95%

[MTG]

The housing finance outfit of General Insurance Corporation of India (GIC) has introduced a limited period special scheme for the festival
season starting from October 1, for all new individual housing loans up to Rs 1-crore. For period of six months and thereafter reset to the then pre accidental death insurance cover and free property insurance cover would applicants.

The company has also introduced a unique life insurance com in tie-up with Kotak Mahindra Old Mutual Life Insurance Ltd., where a credit account holder against death due to any cause including accidental death.

In reponse, the company said, adding that the borrower opting for this scheme can ale premium component from GICHFL.

In addition to the above scheme funched a loan scheme carrying interest at 8.95 per cent per annum fixed for year.

Source - Economictimes.com

[vinit]

Wait for more goodies from Banks this Diwali.

[CONFUSED]

Wait for more goodies from Banks this Diwali.

Why do you think the bank would give more goodies this Diwali? Any inside information? Please share with us.

[vinit]

I have just guessed.

[MTG]

Vinit - Just check this news - Recovery: Home loan rates poised for an upswing?
Link - http://economictimes.indiatimes.com/...ow/5080375.cms