The Business Bytes
TBB BUREAU
MUMBAI, JUNE 20, 2022
LIC Housing Finance Ltd (LIC HFL), a leading Housing Finance company in India, has increased the LIC Housing Prime Lending Rate (LHPLR) by 60 basis points. LHPLR is the benchmark rate to which the interest rate on LIC HFL’s loans arelinked. The new interest rates on home loan now start from 7.50%. The new rates will be effective from today.
Commenting on this lending rate revision, MD & CEO Y. Viswanatha Gowd said, “The interest rate hike is in line with the market scenario.If compared historically the rates are still at a very competitive level. Therefore, we will see a sustenance in demand for home loans.”
LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative office in Dubai.
