LIC HFL cuts home loan rates to an all-time low
LIC Housing Finance has reduced its interest rates to 6.6 per cent for the value of houses up to Rs 50 lakh.
The company’s Managing Director and CEO Y Vishwantha said in a press release, ”Considering the impact of a pandemic, We wanted to offer an interest rate that would help in aiding more individuals to fulfil their dream of owning a house. We hope that this reduction will further boost customer confidence and help in early revival of the sector.”
The HFL home loan also noted that 6.66 per cent on a home loan is the lowest ever interest rate on a housing loan with a tenure of 30 years.
You can apply for a home loan on the bank’s app HomY and get your loan approved there online. You can also track your loan application without actually visiting the office.
Salaried individuals who have not taken any loan yet are eligible for the home loan at an all-time lowest of 6.66 per cent interest rate. This interest rate is valid till 31 August 2021. LIC HFL also said that the rate of interest will be decided according to the credit score of the customer.