LIC Housing Finance Ltd (LIC HFL) has decided to reduce its prime housing loan rate (HPLR) in 25 basic points with effect as of April 28.Revised mortgage loans will now start from 8 percent against 8.25 percent now.
The HPLR cut follows the recent 25 BPS policy rate rate by the Indian Reserve Bank of 6.25 percent to 6.00 percent. The HPR serves as the reference rate to determine interest rates in all LIC HFL loans.
This reduction will be both existing and the new borrowers, which will make home loans more affordable, said the housing finance company.
Tribuwan Adhikari, MD & CEO, LIC HFL, said that interest rate cuts are in line with the decisions of the RBI and the current market scenario. Wait for this movement to boost consumer feelings and stimulate the demand for housing, especially among affordable housing buyers.
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Posted on April 25, 2025