Comments
LIC Housing Finance Ltd (LIC HFL) 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 are linked.
The new interest rate on home loans now start from 7.50 per cent against 6.90 per cent earlier. The new rates will be effective from June 20, 2022, an LIC HFL statement said.
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 competitive level. Therefore, demand for home loans will sustain.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.