LIC Housing Finance reduces home loan rate
23rd Jul 2020

LIC Housing Finance (LICHFL) has reduced interest rate to an all-time low of 6.90 per cent for new home loan borrowers having Cibil score of 700 and above. The rate of interest for home loans up to Rs 50 lakh starts from 6.90 per cent for borrowers with CIBIL score of 700 and above. For a similar score, the rate of interest is 7 per cent onwards for a loan above Rs 50 lakh. 

LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.