LIC Housing cuts new loan rate to a low of 6.9%

 

LIC Housing Finance Ltd (LICHFL) has decided to take on giants in the housing finance space such as Housing Finance Development Finance Corporation (HDFC) and State Bank of India (SBI) by offering new home loans at 6.90 per cent. Currently, the lowest home loan rate on offer by HDFC and SBI is 6.95 per cent.