Consider capping rates on affordable loans: LICHF chief

MUMBAI: The chief of LIC Housing Finance, the largest home loan company in India, has called for capping of interest rates on loans in the affordable housing segment stating that nothing about some of the rates being charged in this segment is affordable. MD and CEO Tribhuwan Adhikari said some housing finance companies are charging interest rates of 15-16% in the affordable housing segment and suggested that the regulator should prescribe a ceiling on spread over funding costs.

Raccontata datimesofindia.indiatimes.com