Mumbai, June 25, 2007

LIC Housing Finance Ltd (LICHFL) said home loan rates have not yet peaked but felt there was no asset bubble in the making as housing demand was real. “Interest rates have no doubt been stable during the last two or three months. But it has not reached the level of 13-14 percent as witnessed in the past. The rates have not peaked yet,” LICHFL director, CEO S. K. Mitter said. LICHFL aims at growing its business by around 25 percent in the next few years, he added.

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