GE Money hikes interest rates on mortgages

New Delhi, Jul 10: GE Money, the consumer finance unit of the General Electric today announced an increase in its interest rates on mortgages by 0.75 per cent with effect from July 1, 2006.

This increase in its benchmark floating reference rate is on account of changed financial market parameters with respect to borrowing costs, a company statement said.

GE Money has over 5,500 outlets across 70 locations in India offering car, two-wheeler, consumer durable finance, besides personals home loans and loan against property.

UNI