LIC Housing Finance has hiked its prime lending rate by 50 basis points with effect from Monday onward. The hike in the lending rate is in line with RBI’s repo rate hike of 50 basis points in the August 2022 policy. That said, EMIs on home loans linked to the prime lending rate is likely to go up ahead. However, the HFC expects demand for housing to remain robust despite RBI’s rate hike.
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