Friday, January 17th, 2020

 

LIC Housing Finance launches offers to push sale of completed units

LIC Housing Finance on Wednesday announced a pair of limited-period offers to push sale of under-construction and unsold residential units. The announcement comes following a similar move by SBI. The offers will apply to purchases of units for which the potential borrower has received the occupancy certificate (OC). Under the ‘pay when you stay’ scheme, the borrower will be required to commence payment of principal only after they receive possession of the house or after 48 months from the date of first disbursement, whichever is earlier. Only interest on theRead More