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Home loan scheme from the Dhanalakshmi Bank
14 December 2005

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.

domain-B's currency converter - check it outAccording 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 send this article to a friend (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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Home loan scheme from the Dhanalakshmi Bank