HSBC launches fixed home loan rates
Fixed loan rates has been launched against property and home loans by country’s second largest foreign lender HSBC India.
The uniqueness of the loan scheme is that, a loan borrower can make pre-payments even during fixed rate period.
The applicable loan rate begins from 11.25 percent for one-year loan tenors and upto 11.75 percent for five-year home loan tenors.
HSBC experts say that now they have extended their loan on property in a large scale only to enforce unique features to the loan borrowers.
Source: NDTV Profit
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