LIC Housing Finance Ltd (LIC HFL) has decided to cut its Housing Prime Lending Rate (HPLR) by 25 basis points with effect from April 28.^{The revised home loan rates will now start from 8 per cent against 8.25 per cent now.}

The cut in HPLR follows the recent 25 bps policy rate cut by the Reserve Bank of India from 6.25 per cent to 6.00 per cent. The HPLR serves as the benchmark rate for determining the interest rates on all LIC HFL loans.

This reduction will benefit both existing and new borrowers, making home loans more affordable, the housing finance company said.

Tribhuwan Adhikari, MD & CEO, LIC HFL, said, the interest rate cuts are in line with the RBI’s decisions and the current market scenario. He expects this move to boost consumer sentiments and stimulate housing demand, especially among the affordable homebuyers.

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Published on April 25, 2025