LIC Housing Finance Limited (LIC HFL) is one of India’s leading housing finance companies that helps individuals achieve their dream of homeownership through flexible and affordable loan solutions. With more than 30 lakh families served and a loan portfolio exceeding ₹3 lakh crore, LIC HFL offers home loans with competitive interest rates starting from around 7.15%* p.a. and repayment tenures of up to 30 years. Whether you are planning to purchase a house, construct a home, renovate a property, or transfer an existing home loan, LIC Housing Finance provides customized housing finance options for salaried individuals, self-employed professionals, and NRIs.
LIC Housing Finance Home Loan Highlights
The following table gives a quick overview of the key features and benefits of LIC Housing Finance home loans to help borrowers understand the product at a glance.
| Feature | Details |
| Starting Interest Rate | 7.15%* p.a. onwards |
| Maximum Loan Tenure | Up to 30 years |
| Loan Portfolio | ₹3.05 Lakh Crore+ |
| Network Presence | 450+ operating centres across India |
| Prepayment Charges | Nil for floating rate loans (non-business purpose) |
| Eligible Borrowers | Salaried, Self-Employed, Professionals, NRIs |
| Loan Amount | Based on eligibility and property value |
LIC Housing Finance Home Loan Interest Rates
LIC Housing Finance offers interest rates that are primarily linked to the LHPLR (LIC Housing Prime Lending Rate) and vary depending on the borrower’s CIBIL score, loan amount, and product type.
Advantage Plus Scheme (New Loans & Balance Transfers)
| CIBIL Score | Loan Amount | Interest Rate |
| ≥ 825 | Up to ₹5 Crores | 7.15%* |
| 800 – 824 | Up to ₹5 Crores | 7.25%* |
| 775 – 799 | Up to ₹50 Lakhs | 7.35%* |
| 750 – 774 | ₹2 Crores – ₹15 Crores | 7.75%* |
| 700 – 724 | Up to ₹50 Lakhs | 7.95%* |
Other Loan Schemes
| Loan Type | CIBIL Score | Interest Rate |
| Loan Against Property | ≥ 750 | 9.70%* |
| Loans to Professionals | ≥ 750 | 10.35%* – 10.55%* |
| Top-Up Loan | Applicable customers | 8.50% onwards |
| Factors Influencing LIC Housing Finance Home Loan Interest Rates
Several financial and economic factors influence the interest rate offered to borrowers by LIC Housing Finance.
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Also Read: Impact of Repo rate Cut on Home Loan
LIC Housing Finance Home Loan Processing Fee & Charges
LIC Housing Finance follows a structured fee schedule depending on the loan amount to maintain transparency in borrowing costs.
| Loan Amount | Processing Fee |
| Up to ₹1 Crore | 0.25% of the loan amount (Max ₹15,000) + GST |
| ₹1 Crore – ₹2 Crores | ₹20,000 + GST |
| ₹2 Crores – ₹5 Crores | ₹25,000 + GST |
| ₹5 Crores – ₹15 Crores | ₹50,000 + GST |
Additional charges such as legal fees, technical evaluation charges, and documentation costs may apply depending on the property and loan scheme.
Compare LIC Housing Finance Home Loan Interest Rates with Top Home Loans
Below is a comparison of LIC Housing Finance Home Loan interest rates with other leading banks and housing finance companies in India.
| Bank / NBFC Home Loan | Interest Rate (p.a.) |
| LIC Housing Finance Home Loan | 7.15%* p.a. onwards |
| Bajaj Housing Finance Home Loan | 7.15%* p.a. onwards |
| SBI Home Loan | 7.50%* p.a. onwards |
| Tata Capital Housing Finance | 7.50%* p.a. onwards |
| Bank of Baroda Home Loan | 7.45%* p.a. onwards |
| Union Bank of India Home Loan | 7.45%* p.a. onwards |
| ICICI Bank Home Loan | 7.65%* p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.70%* p.a. onwards |
| HDFC Home Loan | 7.90%* p.a. onwards |
| Standard Chartered Home Loan | 7.99%* p.a. onwards |
| Axis Bank Home Loan | 8.35%* p.a. onwards |
| IIFL Home Loan | 8.75%* p.a. onwards |
| Federal Bank Home Loan | 8.75%* p.a. onwards |
| IDFC FIRST Bank Home Loan | 8.85%* p.a. onwards |
Note: The interest rates mentioned above are indicative and may change depending on the lender’s policies, borrower’s credit score, loan amount, and prevailing market conditions. For the most updated information, please visit the official website of the respective bank or financial institution.
LIC Housing Finance Home Loan Eligibility
LIC Housing Finance offers flexible eligibility criteria to accommodate various borrower profiles.
- Employment Type: Salaried individuals, self-employed professionals, and business owners can apply.
- Nationality: Resident Indians and Non-Resident Indians (NRIs) are eligible.
- Income Stability: Applicants must have a stable income source to ensure EMI repayment.
- Age Criteria: Borrowers must meet the minimum age requirement and remain within the maximum maturity age.
- Property Condition: The property must meet legal and technical eligibility criteria.
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Documents Required for LIC Housing Finance Home Loan
Applicants must provide the following documents during the home loan application process.
KYC Documents
- PAN Card
- Aadhaar Card or Passport
- Address proof
Income Proof (Salaried)
- Last 3 months’ salary slips
- Form 16
- 6–12 months bank statement
Income Proof (Self-Employed)
- Last 3 years Income Tax Returns
- Profit & Loss statement and balance sheet
- Bank statements
Property Documents
- Sale agreement
- Title deed
- Property tax receipts
- Construction plan (if applicable)
Also Read: Top Housing Finance Companies in India
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Types of LIC Housing Finance Home Loan
LIC Housing Finance offers a wide range of housing and non-housing loan products designed to meet different financial needs, such as buying a house, constructing a property, renovating an existing home, or raising funds against property. These loan variants provide flexibility for borrowers, including salaried individuals, professionals, self-employed individuals, and NRIs. Each product is structured to support specific property-related requirements while offering competitive interest rates and flexible repayment options.
Overview of LIC Housing Finance Loan Types
| Category | Loan Type | Purpose |
| Housing Loans | Home Loan | Purchase of ready or under-construction residential property |
| Housing Loans | Plot Loan | Purchase of residential plot |
| Housing Loans | Home Construction Loan | Construction of house on owned plot |
| Housing Loans | Home Renovation Loan | Repair or renovation of existing house |
| Housing Loans | Home Extension Loan | Expansion of an existing residential property |
| Housing Loans | Griha Suvidha Loan | Flexible home loan scheme for different borrower profiles |
| Housing Loans | Home Loan Balance Transfer | Transfer existing home loan to LIC Housing Finance |
| Non-Housing Loans | Loan Against Property (LAP) | Loan against residential or commercial property |
| Non-Housing Loans | Loan Against Security | Loan against financial securities |
| Non-Housing Loans | Loans to Professionals | Loans for professionals to purchase or renovate office space |
Housing Loans
These loans are specifically designed to facilitate the purchase, construction, or improvement of residential properties for various customer segments.
- Home Loan: This is the primary product for individuals looking to buy a ready-built house, an under-construction property, or a resale property.
- Collateral-based financing, where the property acts as security until the loan is repaid.
- Attractive interest rates starting from 7.15% ROI.
- Flexible repayment tenures of up to 30 years for salaried individuals.
- Repayment via EMIs, after which the property title is transferred back to the borrower.
- Plot Loan: A specialized loan focused on the initial step of homeownership—acquiring the land.
- Specifically used for the purchase of a residential plot.
- Ideal for customers planning to construct a house in the future.
- Home Construction Loan: This loan is tailored for individuals who already own land and wish to build their own residence.
- Funds are provided for the construction of a house on a plot.
- Available for both salaried and self-employed individuals.
- Home Extension & Renovation Loans: These products help existing homeowners enhance or maintain their property’s value.
- Extension Loan: For individuals wanting to add extra space or extend an existing house.
- Renovation Loan: Provides funds for the repair or renovation of an existing flat or house.
- Advantage Plus (Home Loan Balance Transfer): This scheme is designed for borrowers looking to switch their existing high-interest loans to LIC HFL for better terms.
- Lower interest rates and more affordable EMIs on the outstanding balance.
- Opportunity to avail a Top-up loan at attractive rates.
- Zero pre-payment charges for floating rate loans.
- Online sanction facility for fast approvals.
- Home Loan for NRI: LIC HFL provides specialized housing finance for Non-Resident Indians looking to invest in property back home.
- Available for the purchase or construction of residential property in India.
- Requires additional documentation, such as a passport and proof of overseas income.
- Specialized Housing Schemes: LIC HFL offers several targeted schemes to ensure inclusivity for different economic and social backgrounds.
- Griha Suvidha & Griha Suvidha Asha: Customized loans designed to meet specific eligibility needs.
- Home Loan for Pensioners: Tailored for retired individuals to help them achieve homeownership later in life.
- Griha Sugam & Sure Fixed Scheme: Options providing different interest rate structures to suit borrower preferences.
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Non-Housing Loans
These products allow borrowers to leverage their existing assets to meet diverse personal or professional financial requirements.
- Loan Against Property (LAP): For Individuals: A secured mortgage loan that uses residential property as collateral for liquidity.
- Multipurpose use: Funds can be used for business expansion, children’s education, marriage, or purchasing another property.
- Maximum tenure of 15 years (or until retirement for salaried/age 70 for self-employed).
- Minimum loan amount of ₹2,00,000.
- Applicable for properties not older than 35 years.
- Loans to Professionals: This product is designed specifically for resident Indian professionals to support their practice.
- Purpose: Purchase, extension, or renovation of commercial premises and the purchase of equipment.
- Eligibility: Doctors, Chartered Accountants, and other professionals, including their firms or companies.
- Loan term of up to 15 years with repayment via EMI.
- Floating interest rates linked to LHPLR, varying based on CIBIL scores (e.g., 10.35% for CIBIL ≥ 750).
- Loan Against Security (LIC Policies, etc.): A fast-approval loan that allows individuals to access funds without liquidating their assets.
- Borrowers can keep their assets while accessing immediate liquidity.
- Primarily offered against LIC insurance policies and similar securities.
LIC Housing Finance Home Loan EMI Calculator
Your Amortization Schedule (Yearly/Monthly)
The LIC Housing Finance EMI Calculator helps borrowers estimate their monthly loan repayment amount before applying for the loan.
Steps to Use the EMI Calculator
- Visit the official LIC Housing Finance website.
- Navigate to the Home Loan EMI Calculator tool.
- Enter the loan amount you wish to borrow.
- Input the interest rate applicable to your loan.
- Select the repayment tenure in years or months.
- The calculator will display the monthly EMI, total interest payable, and total repayment amount.
Check: Home Loan EMI Calculator
Apply for LIC Housing Finance Home Loan
Applying for a LIC Housing Finance home loan is a simple process that can be completed online or at a branch.
Steps to Apply
- Visit the LIC Housing Finance website or the nearest LIC Housing Finance office.
- Register your application by entering basic personal details such as name, mobile number, and email ID.
- Verify your mobile number using OTP authentication.
- Fill in loan details, including property location, employment type, and loan amount required.
- Upload or submit the required documents for verification.
- LIC Housing Finance performs credit evaluation and property verification.
- Receive the loan sanction letter upon approval.
- After completing documentation formalities, the loan amount is disbursed.
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Track LIC Housing Finance Home Loan Application Status
Borrowers can easily monitor their home loan application status through LIC Housing Finance’s online portal.
Steps to Track Application Status
- Visit the LIC Housing Finance official website.
- Log in to the Customer Portal using your registered credentials.
- Enter your application number or registered mobile number.
- Navigate to the Track Application Status section.
- View real-time updates such as verification stage, approval status, and disbursement details.
LIC Housing Finance Home Loan Customer Care
LIC Housing Finance provides multiple support channels to assist customers with queries related to home loans.
| Support Channel | Contact Details |
| Toll-Free Number | 1800 209 1989 |
| Email Support | customersupport@lichousing.com |
| WhatsApp Support | Available through the official website |
| Branch Support | Visit the nearest LIC Housing Finance office |
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