Mumbai: LIC Housing Finance, the largest housing finance company in India, has announced a reduction in its interest rate on new home loans by 50 basis points. With this adjustment, interest rates for new home loan approvals will now commence at 7.50%, effective from June 19, 2025, coinciding with the company’s 36th Foundation Day.
This decision comes on the heels of recent repo rate cuts made by the RBI’s Monetary Policy Committee (MPC), allowing LIC HFL to extend these benefits to new home loan customers, thereby promoting home ownership and enhancing affordability.
In his remarks regarding the announcement, Shri Tribhuwan Adhikari, MD & CEO of LIC Housing Finance, stated, “As we celebrate our 36th Foundation Day, we remain dedicated to making home ownership more attainable. This rate cut reflects our commitment to aligning with the RBI’s policy direction and passing on the advantages to our customers. We believe this initiative will significantly stimulate housing demand, particularly in the affordable and mid-income sectors, where the desire to own a home is closely linked to interest rate trends.”
