Image Credit by Google
Beginning on December 26, 2022, home loan interest rates will be changed.
Image Credit by Google
A significant housing finance company in India, LIC HFL, announced in a press release that it had raised the LHPLR by 35 basis points.
Image Credit by Google
The benchmark rate, or LHPLR, is used to determine how much loans from LIC HFL will cost.
Image Credit by Google
The new home loan interest rates will now begin at 8.65%. As of today, December 26, 2022, the new rates will be in effect.
Image Credit by Google
According to LIC Housing's website, the revised prime lending rate is 16.45%.
Image Credit by Google
According to website, for salaried and professional borrowers with credit scores of at least 800 and loans up to Rs 15 crore, house loan interest rates begin at 8.30%.
Image Credit by Google
Interest rates for salaried and professional borrowers with credit scores in the range of 750 to 799 will be 8.40% up to Rs 5 crore
Image Credit by Google
and 8.60% for amounts greater than Rs 5 crore and up to Rs 15 crore.
Image Credit by Google
Interest rates are 8.70% up to Rs 50 lakh, 8.90% for amounts over Rs 50 lakh, and up to Rs 2 crore for CIBIL Scores of 700 to 749.