Finance Desk – In a move that might finally give your wallet a breather, LIC Housing Finance has decided to play nice and cut home loan interest rates by 50 basis points. Starting June 19, 2025, new home loan customers can enjoy rates from 7.50% – just in time for the company’s 36th Foundation Day. Because what better gift than slightly cheaper debt, right?
LIC HFL CEO Tribhuwan Adhikari said the rate cut is part of their mission to make home ownership more accessible.
He added they’re aligning with the RBI’s policy direction, which is basically banker-speak for “RBI cut the repo rate, so we kinda had to do something too.”
RBI has cut 100 basis points since Feb 2025, trying to wake the economy up from its nap.
LIC Housing Finance thought, “Why not ride the wave and look generous while doing it?”
This move targets the affordable and mid-income dreamers – those staring longingly at house ads while doing EMI math in their heads. The company hopes this rate drop will push more folks to take the plunge into home loans, because nothing says stability like a 20-year financial commitment.
LIC Housing Finance isn’t just hanging around in India. They’ve got offices nationwide and even a representative office in Dubai, probably to remind NRIs what they’re missing.
