CHENNAI: LIC, the home loan company, has raised the interest rate on primary loans by 35 basis points yesterday.
LIC, Home Loans Corporation is a leading provider of home loans. This company,
The interest rate on prime loans was hiked by 35 basis points yesterday.
Accordingly, the new interest rate on principal loans starts from 8.65 percent. This new interest rate is effective from yesterday.
Regarding this, Viswanatha Gaut, Managing Director of LIC Home Loan Company said:
As per the market condition, the interest rate is raised. Internationally, India’s economic position remains solid, even though the economic situation is in decline. The real estate sector is also doing well. Home buying is also in good shape.
This is what he said.
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