GE Money raises interest rate on mortgages

GE Money, the consumer finance arm of the General Electric Company, on Monday announced an increase of its benchmark floating reference rate by 0.75 per cent effective from July 1.

By PTI | Jul 10, 2006, 04.00 PM IST

NEW DELHI: GE Money, the consumer finance arm of the General Electric Company, on Monday announced an increase of its benchmark floating reference rate by 0.75 per cent effective from July 1.

The rise in the benchmark floating reference rate is on account of changed financial market parameters with respect to borrowing costs, the company said in a release.

Start a SIP with as low as ₹500 with ET Money App!