LIC Housing Finance cuts lending rate by 25 bps making home loans cheaper

20Twenty issues N$350m in home loans, saving clients over N$10m

20Twenty Financial Solutions has issued N$350 million in home loans since its inception in 2022, saving clients over N$10.7 million in interest costs compared to traditional bank loans. This is according to the company’s first social impact report. The lender, which positions itself as a purpose-driven financial institution, has focused on making homeownership more accessible through inflation-linked loans designed to protect clients’ disposable…

LIC Housing Finance cuts lending rate by 25 bps making home loans cheaper

New Delhi: Mortgage firm LIC Housing Finance on Friday said it has slashed its benchmark lending rate by 25 basis points following the recent policy rate cut by the Reserve Bank of India. This reduction in LIC Housing Prime Lending Rate (LHPLR), will benefit both existing and new borrowers by making home loans more affordable, the LIC subsidiary said in a statement. The revised interest rates will now start from 8 per cent and will come into eff…