LIC Housing Finance has reduced its home loan rates by 0.25 per cent as a festival offer from October 15. The offer will be valid till November 30. Special rates of processing fees are also offered. The rate of interest for Bhagyalakshmi Plus, which is specially designed for women borrower as first property owner, will be from 10.10 per cent onwards for the first fixed period of two years. An additional rebate of 0.25 per cent throughout the loan term is applicable after conversion to floating rate after the fixed period.

Super Choice scheme for general borrowers will carry interest rate from 10.35 per cent. In this scheme, the interest rate will be fixed for the first two years, and converted to floating thereafter. The company also reduced interest rates by 0.25 per cent in New Fixed 10 scheme starting from 11.25 per cent. — Special Correspondent