LIC Housing Finance Cuts Home Loan Rates by 25 Basis Points from April 28
In a bid to boost the housing market, LIC Housing Finance has announced a reduction in home loan rates by 25 basis points, effective from April 28. This move is in line with the Reserve Bank of India's (RBI) easing policy, which has prompted other major banks to slash their lending rates as well. The rate cut is expected to stimulate the affordable housing segment, making it more accessible to potential homebuyers. With the decrease in home loan rates, buyers can expect to save on their monthly mortgage payments, making homeownership more affordable. The shift in lending rates is also anticipated to encourage more people to invest in the property market, thereby driving growth in the real estate sector. Key terms like 'home loan interest rates' and 'affordable housing' are likely to gain traction as a result of this development. As the market responds to the RBI's policy, it will be interesting to see how other lenders adjust their rates to remain competitive, potentially leading to a surge in 'housing finance' and 'mortgage loans'
