The Business Bytes
TBB BUREAU
MUMBAI, DEC 26, 2022
LIC Housing Finance Ltd (LIC HFL) has increased the LIC Housing Prime Lending Rate (LHPLR) by 35 basis points. LHPLR is the benchmark rate to which the interest rate on LIC HFL’s loans is linked.
The new interest rates on home loans will now start from 8.65 per cent; and will be effective from December 26, 2022.
Commenting on the lending rate revision, LIC HFL MD & CEO Y. Viswanatha Gowd said, “The increase in rates is in tune with the market conditions. Despite the global headwinds disrupting many economies, India’s economic position remains strong. As far as the real estate sector is concerned, there is good sustenance in the home buying activity.”
