LIC Housing Finance Cuts Home Loan Rates by 25 Basis Points: Boost to Affordable Housing
In a move to stimulate the housing market, LIC Housing Finance has announced a reduction in home loan rates by 25 basis points, effective April 28. This decision comes on the heels of the RBI's easing policy, which has prompted other major banks to also slash their lending rates. The rate cut is expected to provide a significant boost to the affordable housing segment, making it more accessible to potential homebuyers. With the decreased rates, individuals can now avail of cheaper home loans, thereby increasing their purchasing power. The shift is also anticipated to encourage more people to invest in the real estate market, particularly in the affordable housing sector. As the housing market continues to grow, keywords like 'home loan interest rates', 'affordable housing', and 'mortgage rates' are becoming increasingly relevant. The reduction in home loan rates is a welcome move for the industry, and it remains to be seen how it will impact the overall economy.
