Sudden increase in interest rate for home loans – Attention LIC Housing Finance customers!
LIC is a leading company in India. Housing Finance Corporation has hiked interest rates on home loans. The details of this have been published on the official website of LIC.
Interest rate hike:
The Reserve Bank of India has recently raised interest rates on short-term loans. Following this, the repo interest rate has increased from 5.9 percent to 6.25 percent. Following this hike, the interest rates for home loans, car loans etc. in banks and financial institutions have increased significantly.
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In this situation, the leading company LIC Home Finance has increased the home loan interest rate by 0.35 percent. This increased interest rate has come into effect from today (December 26). Already, the monthly EMI amount has increased due to the rise in repo interest rates in banks. At this time, home loan interest has also increased, causing dissatisfaction among customers.
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Already last September, LIC Housing Finance raised interest rates on home loans. It is noteworthy that the interest rate has been raised again today after a gap of two months. The details of the new interest rates that have been increased have been published on the official website.
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