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Home loan scheme from the Dhanalakshmi Bank
14 December
2005
 Chennai:
The
Dhanalakshmi Bank has launched a home loan scheme Grihalakshmi
targeting the high net worth and high income individuals.
Announcing
the scheme, managing director and CEO P S Prasad, MD and
CEO, said, that the scheme is designed to suit the borrower
who has to pay only 6.75 per cent interest till March
2006, and thereafter 7 per cent. This was in line with
the RBI guidelines from time to time, said Prasad.
 According
to executive director Nagesh S Belur, the floor limit
for availing loans under this scheme was Rs25 lakh (there
is no ceiling for the loan amount) with a lock in period
of five years years. The tenure of the loan is 25 years.
The
other highlights of the scheme are, low processing fee
 (Rs5,000)
and no disbursal or pre payment fees. The scheme comes
with an automatic life insurance and property insurance
cover.
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