New Home Loan policy for women

"A very happy International Women's Day to all the charming women out there!!"

Indian society is typically a male oriented society where women has never been anything more than a mere subject. Last year Nirbhaya's case left everyone  around the world shaken. Even after all this violence, I feel that women has never seen more revolutionary period ever. When something is under pressure there are just two possibilities; either the thing breaks due to pressure or blasts due to pressure. When it comes to Indian women, the second case fits aptly.

Women now have understood the need to stand for themselves! While going through the newspaper today, I came across an article that stated that just three factors can change the current status of women, property, proprietary and perception.

I fully agree with the statement and leaving the other two behind in this article we will discuss about importance, need of owning a property and how easy it has become for women to get a home loan.

Owning a property does not only adds to your assets but also gives a sense of confidence and independence. With this thought, LIC Housing Finance has launched a woman-oriented  home loan scheme, 'Bhagya Laxmi'. The interest rate under this scheme would be 0.25 percent lesser for women.

According to LIC, repayment record has been excellent when it comes to women. 'Bhagya Laxmi' attracts 10 percent interest rate for the first two years and after that it will turn into floating interest rate product. But, even after that the interest rate remains 0.25 percent lesser.

Being a Real Estate consultancy firm, we at Property Point suggest that it is a good time to invest in residential property. Upcoming great residential projects and launch of such an interesting home loan scheme makes it a not to be missed opportunity. So, all the ladies out there invest in your dream property as this scheme by LIC Housing scheme is limited March 31.

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