GIC Housing Finance Slashes Home Loan Interest Rates for All Borrowers!

GIC Housing Finance has announced a 15 basis points (0.15%) reduction in its benchmark prime lending rate (BPLR). This update will benefit both existing and new home loan borrowers, effective from May 1, 2025. This reduction applies to home loan customers who are on a floating rate basis linked to the GIC HFL BPLR.

In a recent press release, GIC Housing Finance highlighted that this rate cut follows the Reserve Bank of India's decision on April 9, 2025, to lower the repo rate. By implementing this reduction, we are proud to support around 1 lakh customers, making home ownership more affordable and accessible.

news