LIC HF cuts lending rates by 25 bps making home loans cheaper
LIC Housing Finance, India’s largest housing finance company, has announced a 25-basis points reduction in its LIC Housing Prime Lending Rate (LHPLR), following the recent policy rate cut by the Reserve Bank of India
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Mumbai, Apr 25: LIC Housing Finance, India’s largest housing finance company, has announced a 25-basis points reduction in its LIC Housing Prime Lending Rate (LHPLR), following the recent policy rate cut by the Reserve Bank of India. This reduction will benefit both existing and new borrowers by making home loans more affordable. The revised interest rates will now start from 8% and will come into effect from 28th April 2025.
The LHPLR serves as the benchmark rate for determining the interest rates on all LIC HFL loans.
Commenting on this lending rate revision, Tribhuwan Adhikari, MD & CEO of LIC HFL said, “The interest rate cuts are in line with the RBI’s decisions and current market scenario. We believe this move will boost consumer sentiments and stimulate housing demand, especially among the affordable homebuyers.”
