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LIC HFL hikes prime lending rates: Check new home loan interest rates

Gowrish Babu
LIC Housing Finance (LIC HFL) has raised its prime lending rate by 15 basis points to 15.95 per cent.
The new interest rates on home loans will now start from 8 per cent. It was 7.50 per cent, earlier.
It has increased the home loan lending rates in different slabs.
Salaried and professionals, who have Cibil score above 800, will be given loans at 8 per cent for up to Rs 15 crore.
If you have Cibil score between 750 and 799, home loan interest rate will be 8.05 per cent for up to Rs 5 crore.
LIC Housing Finance will lend home loan at 8.20 per cent up to Rs 50 lakh and up to Rs 2 crore for those who have Cibil Score between 700 -749.
Loans up to Rs 50 lakh will have an interest rate of 8.45 per cent for those having a CIBIL score between 600 and 699.
The company imposes interest rates of 8.45 per cent, 8.65 per cent, and 8.80 per cent respectively for loan amounts up to Rs 50 lakh, over Rs 50 lakh up to Rs 2 crore and more than Rs 2 crore to up to Rs 15 crore.
More details on the interest rates can be found on its official website.
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