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Date : Aug 3, 2009

Question

I have transfered my homeloan from ICICI Bank (13%) to LIC Housing finance (8.75%) in the month of April. I got an intimation from LIC last week saying that your ROI increased to 10% (suddenly 1.25%) due to increase in 125 base points. I follow all the newspapers everyday. For my information there is no hike in the base points/FRR recently by RBI.Infact RBI has decresed that in view of home loans interest rates. Can you please let me know if any change in the interest rates recently ?

Answer

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