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September 20, 2007 13:54 IST
Consumer financial services provider GE Money and international mortgage player Wizard announced on Thursday a joint venture 'Wizard Home Loans' that will offer 9.99 per cent interest rate on home loans to consumers.
"The joint venture will invest $200 million in equity in India and aims to set up over 250 branches across the country by 2011," GE India CEO T P Chopra said.
The joint venture will offer an aggressive interest rate of 9.99 per cent to consumers, he said.
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