Recently numerous banks have hiked their interest rates on loans. However teaser rate home loans are still being offered by the banks. Numerous banks/financial institutions offer numerous products of interest to their borrowers.
LIC Housing Finance provides variable EMI facility particularly designed for the young salaried class. On the contrary, Punjab National Bank provides its customers the facility to opting for varying payments even on margin money.
RR Nair, MD and CEO of LIC Housing Finance had this to say about the product, “This product is for the young salaried employees, who would like to own a big home but do not have the salary to match. There is a lot of scope to be innovative in the home loan market, as there are varied customers with a variety of needs.”
PNB has just declared its festival offer on home loans.