Home Loan: LIC Housing Fin said that the company has cut the interest rates of home loans by 25 basis points for its customers. Now customers are going to get home at an initial rate of 8 percent. The new interest rates are applicable from April 24.
Home Loan: The Reserve Bank of India (RBI) cut its interest rates for the second time in a row at the beginning of the month of April, after which all major public and private banks started cutting their interest rates. RBI has reduced the repo rate from 6.25 percent to 6 percent in the MPC meeting of April. Now following this, banks have also started giving relief to their customers on EMI of home loans and car loans.
LIC Housing Finance reduced interest rates
LIC Housing Fin said that the company has cut the interest rates of home loans by 25 basis points for its customers. Now customers will get home loans at a starting rate of 8%. The new interest rates are applicable from 24 April.
Canara Bank also gave relief.
Government bank Canara Bank has also given a big relief to its customers on home loans and car loans. The bank said that home loans will now start from 7.90% and auto loans from 8.20%.
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