Tribhuwan Adhikari, MD and CEO, Lic Housing Finance
Lic Housing Finance has reduced its interest on new housing loans by 50 basic points, in accordance with the comparable degree of repo rate rate reduction by the reserve Bank of India (RBI).
With this revision, the interest rates on new sanctions for housing loan now start from 7.50 percent, from 19 June 2025, together with the 36th Foundation Day of the company, it said in a statement on Saturday.
This step by Lic Housing Finance is intended to pass on the benefit to new customers of housing loans to encourage home ownership and to improve affordability.
The recent repo speed of the front reduced by the RBI is understandably aimed at stimulating the economy, which has been relatively moderated. The policy rate and the subsequent decrease in interest rates by banks will create the demand for new credit, giving the economy a new life. After a total of 100 basic point reduction since February 2025, the scope for more tariff reductions is limited, RBI governor Sanjay Malhotra had indicated after the last monetary policy meeting.
Tribhuwan Adhikari, MD and CEO, Lic Housing Finance said: “While we mark our 36th Foundation Day, we remain dedicated to make home ownership more accessible. The tariff reduction is a continuation of our efforts to adapt to the policy direction of RBI and to pass on the benefits of our customers.”
“We are convinced that this step will offer an extra boost to the demand for homes, especially in the affordable and middle income segments, where ambitions of owning a house are closely linked to interest dynamics,” the MD and CEO added.
Lic Housing Finance LTD is a leading company for housing financing with networks of offices throughout India and a representative office in Dubai.
In addition, the company also distributes its products through branches of its subsidiary LIC HFL Financial Services Ltd.lic Housing Finance LTD was promoted by Life Insurance Corporation in 1989, and in 1994 a public issue was made.
Published on June 21, 2025
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