Housing finance provider LIC Housing Finance (LICHF) has raised its lending rates by as much as 50 bps.
Following the revision in rates, the interest rate for loans upto Rs 30 lakh would now be 10.65%.
Loans above Rs 30 lakh but upto Rs 75 lakh would bear interest of 11% and those above Rs 75 lakh would bear interest of 11.50%.
Another housing finance major HDFC has also recently revised its lending rates.
Lending rate hike comes as a follow up of the recent policy rate hike by Reserve Bank of India.