Good news for homebuyers! LIC Housing Finance has reduced interest rates on new home loans to 7.15%, effective 22 december 2025. Here’s what you need to know.
1. CIBIL Score Matters More Than Ever
· home loan rates are now closely linked to your CIBIL credit score.
· Borrowers with high credit scores can enjoy lower interest rates, saving significant money over the loan tenure.
2. Reason for the Rate Cut
· Triggered by the RBI’s recent repo rate cut, making borrowing cheaper.
· lic Housing Finance aims to boost home loan affordability for eligible borrowers.
3. Who Benefits the Most?
· First-time homebuyers with a strong credit history
· Borrowers looking for long-term home loans
· Those who maintain good repayment behavior
4. How to Ensure a Lower Rate
· Maintain a high CIBIL score (750+ recommended)
· Pay off existing loans on time
· Avoid frequent credit inquiries or defaults
5. Impact on Borrowers
· Lower EMIs and interest burden
· Increased loan affordability for middle-income families
· Encourages responsible credit behavior
✅ Final Takeaway
If you’re planning a home loan, now is the perfect time to apply. With lic Housing Finance lowering rates to 7.15% and CIBIL scores determining the best rates, financial planning and good credit history can save you lakhs over your loan tenure.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
click and follow Indiaherald WhatsApp channel