New interest rates on LIC Housing Finance Home Loans: Housing Finance Company, LIC Housing Finance Limited (LIC HFL), has revised the interest rates for its loan products.
This development follows the announcement of the Reserve Bank of India (RBI) on 4 May 2022 by revising the repo rate.
Accordingly, LICHFL has revised its interest rate upwards in the category of retail loan products.
LIC Housing Finance Home Loan New Interest Rate
The new interest rates on LIC HFL home loans start from 13 May 2022 at 6.9%.
New Interest Rates for LIC Housing Finance Home Loans: Important News from LIC HFL for borrowers with CIBIL score of 700 and above
Commenting on the revision of the interest rate, MD and CEO Y Bishwanath Gaur said, We’ve kept our home loan rates competitive despite rising funding costs to support home buyers’ aspirations. “
“The rate increase for borrowers with a CBIL score of 700 and above has been limited to only 20 bps. In my view, this increase may not have a significant impact on EMI outgo. I am sure that the demand for home loans will remain high.” MD and CEO Y Bishwanath Gaur added.