LIC Housing Finance extends lowest home loan interest

LIC Housing Finance extended its lowest home loan rate of 6.66% for the festive season. Customers can avail themselves of home loans for up to Rs. 2 crore. In July this year, it had announced to offer home loans at an interest rate of 6.66% for an amount up to Rs. 50 lakh to new borrowers.

The new offer announced is available for all borrowers with CIBIL score of 700 and above, irrespective of their occupation i:e salaried or professional/self-employed, a release said.

It is available for loans sanctioned from September 22 to November 30, 2021, provided the first disbursement is availed on or before December 31, 2021, it said.

The home financier’s Managing Director and CEO Y Viswanatha Gowd said the lender has been an early mover in offering 6.66 per cent on home loans up to Rs. 50 lakh from July 1, 2021 and now it has extended the same rate for loans up to Rs. 2 crore.