LIC Housing Finance Beats SBI on Home Loan Rates: Save Big on EMI!

• LIC Housing Finance now offers home loans starting at 7.15%, lower than SBI's 7.25% after RBI's repo rate cut.
• For a 50 lakh loan over 20 years, LIC HFL's EMI is ₹39,216, saving ₹303 monthly compared to SBI.
• Total savings over 20 years with LIC HFL can reach ₹72,720 on a ₹50 lakh loan.
• Investing the monthly ₹303 savings in an SIP could grow to approximately ₹2.78 lakh over 20 years.
• The lowest 7.15% rate is available only to customers with a good CIBIL score and stable income.

Why It Matters: LIC Housing Finance offers competitive home loan rates, potentially saving borrowers significant money over time.