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LIC Housing Finance has lowered interest rates on new home loans, with revised rates starting from 7.15%, effective earlier this week. The reduction applies to all fresh loan sanctions and comes in the backdrop of the recent 25 basis point repo rate cut by the Reserve Bank of India's Monetary Policy Committee. The move is aimed at improving housing affordability and supporting buyer sentiment at a time when homebuyers are carefully reassessing purchase decisions amid broader economic uncertainty.
LIC Housing Finance has announced a reduction in interest rates on new home loans, bringing the starting rate down to 7.15%. The revised pricing came into effect earlier this week and applies to all new home loan sanctions, signalling a push to make housing finance more affordable for prospective buyers. Advertisement
The rate cut follows the recent 25 basis point reduction in the repo rate by the Reserve Bank of India's Monetary Policy Committee. By passing on the benefit to borrowers, the mortgage lender is seeking to improve affordability and encourage demand in a market where buyers have been adopting a cautious approach.
According to the company, the decision is expected to provide a positive boost to homebuyer confidence, particularly among first-time purchasers and end users who remain sensitive to borrowing costs. Lower interest rates can reduce overall loan servicing burdens, making home ownership more accessible amid evolving economic conditions.
The move also reflects a broader trend among housing finance companies and banks to realign lending rates in response to changes in the monetary policy environment. With interest rates easing, lenders are increasingly focused on supporting housing demand while maintaining competitive positioning in the retail mortgage segment.
Source - PTI
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