Wed Dec 24 05:50:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
LIC Housing Finance Slashes Home Loan Interest Rates, Undercuts SBI
Mumbai: In a move set to benefit homebuyers, LIC Housing Finance (LIC HFL) has announced a significant reduction in its home loan interest rates, now starting at a competitive 7.15%. This new rate is available to customers with strong credit profiles, specifically those boasting a good CIBIL score.
The rate cut positions LIC HFL ahead of even the State Bank of India (SBI), the nation’s largest public sector bank, whose home loan rates currently start at 7.25% (effective December 15th). According to reports, the new rate is applicable for customers with CIBIL score above 825.
“This rate revision will intensify competition in the home loan market, directly benefiting customers with excellent credit scores,” a financial analyst commented.
Beyond new loans, LIC HFL is also extending these reduced rates to customers looking to transfer their existing home loans from other banks or housing finance companies. This balance transfer option provides existing borrowers with an opportunity to lower their EMIs.
Industry experts believe that LIC’s decision to lower interest rates could boost demand in the real estate sector. Even slight reductions in interest rates can translate to substantial savings over the life of a long-term loan.
The move is expected to put pressure on other private and public sector banks to re-evaluate their own home loan offerings in an effort to attract and retain customers.
First Piper 