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.