Sure! Here’s a rewritten version of the content:
NEW DELHI: LIC Housing Finance has announced a reduction in its benchmark lending rate by 25 basis points, following the recent policy rate cut by the Reserve Bank of India.
This adjustment to the LIC Housing Prime Lending Rate (LHPLR) aims to make home loans more accessible for both existing and new borrowers, as stated by the LIC subsidiary.
The updated interest rates will begin at 8 percent and will take effect from April 28.
The LHPLR acts as the standard rate for determining interest rates on all loan types.
This version maintains the key information while improving the overall clarity and readability.
