LIC HFL offers lowest home loan at 6.66%

Mumbai: Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.

In July this year, it had announced to offer home loans at an interest rate of 6.66 per cent for an amount up to Rs 50 lakh to new borrowers.

The new offer announced on Thursday 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.

"By segmenting borrowers with CIBIL score of 700 and more for special rates irrespective of category of employment, LIC HFL aims to cater to a larger base of borrowers.