LIC Housing Finance reduces lending rates to 7.50 pc on new home loans
Kolkata, June 21 (UNI) LIC Housing Finance has reduced its rate of interest on new home loans by 50 basis points.
With this revision, interest rates on new home loan sanctions will now start from 7.50 per cent effective June 19, 2025, coinciding with the company's 36th foundation day.
This move follows the recent repo rate cuts announced by the RBI's Monetary Policy Committee (MPC), with LIC HFL passing on the benefit to new home loan customers to encourage home ownership and improve affordability, an LIC statement said on Saturday.
"As we mark our 36th Foundation Day, we remain committed to making home ownership more accessible. The rate cut is a continuation of our effort to align with RBI's policy direction and pass on the benefits to our customers. We are confident this move will provide an added boost to housing demand, especially in the affordable and mid-income segments, where aspirations of owning a home are closely tied to interest rate dynamics." company MD and CEO Tribhuwan Adhikari said.
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