LIC Housing Finance hikes prime lending rate. Check latest rates on home loans


LIC Housing Finance has raised its policy rate by 15 basis points to 15.95%. Accordingly, the interest rate on home loans was changed, making EMIs more expensive. Home loan interest rates start at 8% for salaried and professional borrowers. The new tariffs will apply from September 20, 2022.

On its website, LIC Housing’s (LHPLR) interest rate stands at 15.95% effective September 20th. Last month, the policy rate was 15.80%.

LIC Housing home loan interest rates vary depending on the creditworthiness of the borrowers.

The HFC has charged an interest rate of up to 8% on home loans 15 crores. Employee and professional borrowers with a CIBIL score of at least 800 are eligible for this rate.

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However, borrowers with a CIBIL score of 750-799 will have to pay an interest rate of 8.05% up on their home loans 5 crores. The rate is over 8.40% on home loans 5 crore to 15 crores.

Hired borrowers with a CIBIL score of 700-749 have an interest rate of 8.20% on home loans up to 50 lakh while the interest rate for loans over 8.40% 50 lakhs too 2 crores. The interest rate is 8.55% on the home loan 2 crore up to 15 crores.

For borrowers with a credit score of 600-699, the HFC set an interest rate of 8.45% on home loans up to 50 lakh while the interest rate is 8.65% for loans over 8.65% 50 lakhs too 2 crore, and the rate is 8.80% on loans over 2 crore up to 15 crores.

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For borrowers with a CIBIL score of less than 600, the lender offers an interest rate of 8.90% on home loans up to 50 lakhs. The interest rate is above 9.10% for home loans 50 lakhs too 2 crore, and the rate is 9.30% on more than 2 crore to 15 crore loans.

LIC Housing charges an interest rate of 8.20% on their home loans up to borrowers with a credit score of 150-200 50 lakh, and the interest rate is 8.40% for loans over 50 lakhs too 2 crores.

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Home loans or home loans are available for the purchase of houses under construction or ready to move into. Home loans can also be used to build your own home.

For joint applicants, the CIBIL score of the applicant with the highest score will be considered, LIC Housing said on its website. In addition, the total exposure should not be exceeded 10 crore under the Advantage Plus program.

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