LIC Housing Finance has reduced the interest rate on home loans to an all-time low. The interest rate on home loans is starting from 6.66 percent. However, it is available only on loans up to 50 lakhs.
LIC Housing Finance Limited has reduced the interest rate on home loans. It has reduced the interest rate on loans up to Rs 50 lakh to an all-time low. However, this scheme will be applicable till August 31 and the first installment of the loan should be paid before September 30. The new interest rate on LIC Housing Finance home loans has come down to 6.66 per cent.
Let us tell you that currently SBI has the lowest interest rate on home loans. The minimum interest rate of SBI is 6.65 percent.
In a statement issued by LIC, it was said that the new rates will be offered to the new salaried people. This is the lowest rate the company has ever offered in the home loan segment. The revised rates will depend on the credit capacity of the borrower, the statement said. For this their CIBIL score will be the basis.
This step was taken to improve the sentiment
Y Vishwanath Gaur, Managing Director and Chief Executive Officer (CEO), LIC Housing Finance, said, “In view of the impact of the pandemic, we wanted to offer rates that would help improve the overall sentiment and help more people pursue their dream home. be able to complete. We are hopeful that this rate cut will further boost consumer confidence and help in the revival of the sector.”
LIC Housing Finance Ltd slashes Home loan rates to all time low of 6.66%. It's the right time to grab this offer and make your dream home come true…#LICHFL #homeloans #HousingForAll #deal #Offers #HomY
— LIC Housing Finance Limited (@LIC_HFL) July 2, 2021
This facility is also available on LIC HomeY App
With 6.66 per cent, the housing finance company has offered the lowest rate on home loans for a maximum period of 30 years, the statement said. People can also apply for home loans and get approvals online through the company’s LIC HomeY App. The statement said that customers can check the status of their loan application without visiting the office of LIC Housing Finance.
