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Business EconomyPosted at: Oct 1 2022 2:37PM


LIC HFL hikes lending rate by 50 bps

Mumbai, Oct 1 (UNI) LIC Housing Finance Ltd (LIC HFL) said it has increased the LIC Housing Prime Lending Rate (LHPLR) by 50 basis points.
LHPLR is the benchmark rate to which the interest rate on LIC HFL's loans are linked.

Managing Director and CEO Y Viswanatha Gowd said: ''Interest rate hike is in line with the prevailing market conditions. We expect this trend to stabilise soon. We are taking care to price our products adequately so that the EMI outgo for our customers remains reasonable.
"We are confident that the sentiment in the real estate industry will be buoyant during the festive season and the fundamental parameters of the Indian economy will continue to be strong.''
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