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Tag: Personal Finance

PBAP and ICICI Bank aim to attract home buyers

With soaring prices and interest rates keeping home buyers at bay, real estate developers in Pune have decided to bear some of the interest rate burden for the first 24 months of the loan duration.

The Promoters and Builders Association of Pune (PBAP) has entered into an agreement with ICICI Bank to offer home loans, and as per terms of this agreement, ICICI will charge 12.5% interest. However, the buyer will pay only 10% interest for the first 24 months, while the remaining would be taken care of by the property developer for this duration.

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Use your mobile to pay LIC premium

The Life Insurance Corporation of India (LIC) has tied up with Corporation Bank to enable the bank’s debit card holders pay the LIC policy premium using a mobile phone.¬†¬†Corporation Bank has been offering the LIC premium payment facility through ATMs and net banking since 2003.

Corporation Bank customers wishing to avail the new facility can register their mobile phone numbers through the bank’s ATMs.

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