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LIC Housing Finance | Delhi: Leading housing finance company LIC Housing Finance Limited (LIC Housing Finance) has reduced interest rates on home loans. Interest rates for new borrowers will start from 7.15 percent, according to a statement. It said that the revised rates will come into effect from today (December 22). LIC Housing Finance said in a statement that this decision will help to fulfill the dream of owning a home. Many banks have already reduced interest rates in the wake of RBI's recent cut in repo rate by 25 basis points. In this order, LIC Housing Finance has also taken a decision to provide relief to borrowers.
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