Breaking: LIC Housing Finance Cuts Home Loan Rates by 25 Basis Points from April 28
In a significant move, LIC Housing Finance has announced a reduction in home loan rates by 25 basis points, effective from April 28. This decision comes on the heels of the Reserve Bank of India's easing policy, which has prompted other major banks to also slash their lending rates. The rate cut is expected to boost the affordable housing segment, making it more attractive for potential homebuyers. With this reduction, borrowers can look forward to more competitive interest rates, ultimately leading to lower monthly installments. The move is seen as a positive step towards encouraging more people to invest in the housing market, particularly in the affordable housing sector. As the home loan market continues to evolve, keywords like 'home loan rates', 'affordable housing', and 'lending rates' are becoming increasingly relevant.
