GE Money increases interest rate on mortgages

New Delhi, Jan 5: GE Money India, leading providers of financial services to consumers and retailers in the country, has announced an increase in its benchmark floating reference rate by 0.5 per cent with effect from today.

''The increase in the rate is on account of changed financial market parameters with respect to borrowing costs,'' a statement issued here said.

It has a strong retail distribution network in over 5,500 outlets across 90 locations and is a leader in a wide range of products including two-wheeler finance, consumer durable finance, personal loans and loan against property, home loan and car finance.

UNI