LIC hikes rates, EMIs to go up!
Mon, Aug 22, 2022 3:21 PM

LIC hikes rates, EMIs to go up!

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LIC Housing Finance's prime lending rate has increased by 50 basis points, effective from Monday. The increase in the lending rate is in line with the RBI's 50 basis point hike in the repo rate in the August 2022 policy. As per the increase, house loans tied to the prime lending rate are expected to see an increase in EMIs in the future. The LIC Housing Prime Lending Rate (LHPLR) is now at 15.80%.

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