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LIC Housing Slashes Home Loan Rates to 8%, Boosting Affordability for Borrowers

Updated: April 25, 2025 12:42

Image Source: Jagran
LIC Housing Finance has cut its lending rates by 25 basis points, reducing the home loan rate to an appealing 8% effective April 28, 2025. This move follows the Reserve Bank of India’s recent repo rate cut and positions LIC Housing among the most competitive lenders in the market.
 
Key Highlights:
 
New Rate: Home loan rates drop from 8.25% to 8%, benefiting both new and existing borrowers.
 
Market Impact: The reduction aligns with similar moves by other major lenders, spurring increased competition and making home ownership more accessible.
 
Borrower Benefits: Lower EMIs will ease the financial burden for households, especially those with floating rate loans, as the new rates will be quickly passed on.
 
Industry Outlook: Experts predict home loan rates could fall further, especially for borrowers with strong credit profiles.
 
Advice: Existing borrowers should check their loan terms and consider refinancing to take advantage of the lower rates.
 
LIC Housing’s rate cut is set to stimulate the real estate sector and enhance affordability for homebuyers.
 
Source: Economic Times, Business Today, India Today
 

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