LIC Home Loan
LIC Housing Finance Limited (LICHFL) offers affordable home loan options up to Rs. 5 crore and home construction loans up to Rs.15 crores at at attractive interest rates starting from 7.50% p.a. and with flexible tenures going up to 30 years. LIC HFL also offers housing loan schemes for NRIs and pensioners at competitive rates of interest.
LIC Home Loan Details
Loan Amount | Up to Rs.5 crore |
Interest rate | 7.50% p.a. onwards |
Current LHPLR | 16.45% (as of 1July 2025) |
Processing Fees | 0% - 0.50% |
Max Repayment Tenure | 30 Years |
LIC HFL Home Loan Interest Rate
LIC HFL home loan interest rates start at 7.50% p.a. The rates vary from scheme to scheme and depend on your type of employment, i.e., salaried or self-employed. There are a number of home loan schemes offered by LIC Housing Finance. The interest rates for all the schemes are listed in the table below:
Schemes | Interest Rate for salaried | Interest Rate for Self-employed |
LIC HFL Home Loan | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Griha Suvidha | 7.75% p.a. onwards | 8.25% p.a. onwards |
LIC HFL Home Loan for NRI | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Home Construction Loan | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Home Extension Loan | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Advantage Plus | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Home Loan for Pensioners | 7.50% p.a. onwards | 8.00% p.a. onwards |
LIC HFL Plot Loan | 7.70% p.a. onwards | 8.20% p.a. onwards |
LIC HFL Home Renovation Loan | 7.50% p.a. onwards | 8.00% p.a. onwards |
Note that Pay When You Stay, 6 EMI Waiver and Advantage Plus are part of LIC HFL’s special offers.
Compare: Current Home Loan Interest Rates
Major Banks Offering Home loan In India
LIC HFL Home Loan EMI Calculator
Calculate your EMI (equated month instalment) amount beforehand with the help of BankBazaar LICHFL Home Loan EMI Calculator. It will help you manage your finances in a better way.
The entire calculation process is quite simple. All you need to do is enter details regarding your loan, including the loan amount, interest rate, loan tenure, and processing fee. Press the “calculate” button to view the final EMI amount.
LIC HFL Interest Calculation
Amount | 10 years | 20 years | 30 years |
Rs.10 lakh | Rs.11,870 | Rs.8,056 | Rs.6,992 |
Rs.20 lakh | Rs.23,740 | Rs.16,112 | Rs.13,984 |
Rs.40 lakh | Rs.47,481 | Rs.32,224 | Rs.27,969 |
Rs.50 lakh | Rs.59,351 | Rs.40,280 | Rs.34,961 |
*Lowest interest rate of 7.50% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.
LICHFL Home Loan Eligibility
In order to avail a home loan from LIC HFL you need to fulfil certain eligibility criteria. Your eligibility for the loan is ascertained on the basis of your credit score, income, repayment capacity, etc. The basic criteria which need to be fulfilled is listed in the table below:
Max Age | Salaried: 50 Years; Self-employed: 75 Years |
Credit Score | Minimum 600 |
Income | 30,000 p.m. |
Nationality | Resident and Non-resident Indian |
Work Experience | 2 Years |
Check: PMAY Loan Eligibility
LIC HFL Home Loan Schemes
LIC HFL offers a variety of home loan schemes for salaried and self-employed individuals. Listed below are all the home loan schemes which can be availed of by the customers.
- For purchase of ready to move homes or under construction ones.
- Can avail loan up to Rs.3 crore
- Maximum loan term can be extended by 10 years post retirement
1. LIC HFL Pradhan Mantri Awas Yojana
- For purchase or construction of first pucca house
- Get subsidy of up to Rs.2.67 lakh
2. LIC HFL Griha Suvidha
- For the purpose of owning a home
- Age, income type does not matter
- Loans are eligible for subsidy under PMAY - CLSS
3. LIC HFL Home Loan for NRIs
- For construction or purchase of house in India
- No pre-payment penalty
- Balance transfer of existing home loans possible
4. LIC HFL Plot Loans
- For purchase of residential plots for home construction
- Can avail loan up to 75% of the property value
- Repayment tenure can go up to 15 years
5. LIC HFL Home Construction Loan
- Can be available for construction of a home
- Attractive interest rates
- Loan up to Rs.75 lakh can be availed
6. LICHFL Home Extension Loan
- For extension of home
- Repayment tenure can go up to 30 years
- Interest rate starts from 9.10% p.a. onwards
7. LICHFL Top Up on Home Loan
- Available for both new and existing customers
- Can be availed on the existing home loan
- Interest rate is low
9. LICHFL Advantage Plus
- Switch your home loan to LIC HFL to avail benefits
- Waiver of 2 EMIs
- No pre-payment penalty
Documents Required for LICHFL Home Loan
Listed below are the documents which needs to be submitted when applying for a LIC HFL Home loan:
For Salaried Individuals
- Income Proof
- Salary slips
- Form 16
- Bank statements for last 6 to 12 months
- For Self-Employed
- Bank statements for last 6 to 12 months
- Income tax returns for last 3 years along with financials.
- Common Documents for Salaried and Self-Employed
Document Type | Document Required |
Address and Identity Proof | PAN Card, Aadhaar Card, Passport & Driving License |
Property Documents | Up to date tax paid receiptAllotment letter of builder or society in case of flatsOwnership proof of property |
How to Apply for LICHFL Home Loan
You can avail a home loan from LIC Housing Finance Limited by applying through any of the methods mentioned below
- Through the official website: You can apply for the home loan through the official website.
- First, you need to do is visit lichousing.com and click on ‘Home Loan’ on the main page.
- Next, click on ‘Apply for Home Loan’.
- Enter basic details such as your first name, last name, phone number, property location, and preferred area office.
- Agree to the terms and conditions and click on ‘Get Started’.
- Follow the steps on the next page to apply for a home loan.
2. By visiting a branch: You can make an application by visiting the nearest branch. You can approach an executive to guide you through the entire application process.
LIC HFL Home Loan Customer Care
If you have any doubts regarding LIC Home loan, you can get in touch with LIC Home Loan customer care
Contact Number | |
Email ID | |
LIC HFL Corporate Office | Maker Tower F 13th Floor Cuffe Parade Mumbai – 400005 Maharashtra Fax: 912222178777 |
For Regional Customer Care Details visit : LICHFL Customer Care Numbers
How to calculate LICHFL home loan eligibility?
The home loan eligibility can be calculated by taking into account your income, CIBIL Score, repayment capacity etc. It is always better to check the amount you are eligible for first before applying for a loan.
What are the stages involved from application to disbursement of LIC HFL home loan?
The stages involved from application to disbursement of a home loan from LIC HFL are as follows:
- Submission of application form along with necessary documents
- Verification of the documents
- Interview by a company official
- Issue of loan offer letter
- Title clearance
- Valuation and inspection of property
- Collection of documents for stamping
- Deposit of original title deeds
- Stamping and execution of documents
- Disbursement of loan
How to get a list of documents from LIC HFL?
You can get to know the list of documents required to be submitted along with the home loan application by visiting the official website. Some of the documents which needs to be submitted are as follows:
- Passport size photograph
- ID proof
- Residence proof
- Salary slips
- Bank statement
- Income tax return (ITR)
FAQs on LIC Home Loan
- What is the interest rate associated with home loans from LIC?
For LIC Home Loans, the interest rate begins at 8.00% per annum. For the most recent interest rates, borrowers should visit the website or get in touch with LIC Housing Finance.
- Can NRIs apply for a home loan from LICHFL?
Yes, NRIs can apply for a home loan from LICHFL where the maximum tenure for the loan may range up to 20 years.
- How long are LIC Home Loans valid for?
The varied payback terms of LIC home loans, which range from five to thirty years, enable borrowers to select a repayment plan that best fits their budgetary constraints.
- What qualifications must one meet in order to apply for a LIC home loan?
The requirements for LIC Home Loans' eligibility differ based on variables, including age, income, employment status, credit score, and property valuation. Generally, applicants must be between 18 and 70 and have a steady source of income.
- Which kinds of house loans does LIC Housing Finance provide?
In order to accommodate a wide range of customer needs, LIC Housing Finance provides a number of home loan products, such as loans for building projects, home improvement projects, home extension projects, loans against real estate and loans for the acquisition of homes and plots.
- What is the highest loan amount that LIC Housing Finance will grant?
The borrower's income, ability to repay the loan, and the value of the property are some of the variables that affect the maximum loan amount that LIC Housing Finance will give. In general, the loan amount that borrowers can obtain ranges from 75% to 90% of the property's worth. Nonetheless, a maximum loan sum of Rs.1 crore may be obtained.
- What is LIC HFL?
LIC Housing Finance Limited also known as LICHFL is a housing finance company that operates in the country. The company which is a subsidiary of Life Insurance Corporation (LIC) was founded with the objective of providing long term finance for the purchase or construction of house/flat. It has its registered and corporate office in Mumbai.
- Which paperwork is needed in order to apply for a home loan from LIC?
In order to apply for a LIC Home Loan, you must provide proof of identity, proof of address, proof of income (pay stubs, bank statements, income tax returns), documentation of your property, and passport-size photos.
- How can I change the interest rate for LICHFL home loan?
You can change the interest rate for the home loan availed from LICHFL by logging into the customer portal. After logging in, you need to click on ‘Change ROI’ tab, accept the terms and conditions and click on the ‘Next’ button. Following that, select the loan for which you want to change the rate of interest and click on ‘Submit’. On doing that, you will need to pay the rewriting fee and press on the ‘Submit’.
- How can I pay LICHFL Home loan EMI online?
Yes, you can make the payment of your LIC HFL Home Loan EMI online. It can be done by logging into the customer portal. All you need to do is log in to the portal with user ID and password. Click “pay online” and then select “loan account”. Click “get dues” and then click on “pay”. Select your preferred mode of communication, whether the message to be sent on registered mobile or email. Tick “I accept all terms and conditions of LICHFL”. You will be redirected to Payment Gateway site. Upon payment through netbanking, payment summary will be shown.
- Is LICHFL better than HDFC Housing Loan?
Both LIC HFL and HDFC Ltd offer a variety of home loan schemes at attractive rate of interest. However, while choosing home loan products it’s better than you go through all charges and other terms and conditions before applying for one. For instance, LIC HFL charges low processing fee, whereas HDFC offers interest rate concession for women applicants. So, it’s advised that you compare LIC Vs HDFC home loans thoroughly before cashing in on one.
- How does my credit score affect the interest rate?
Your home loan eligibility is partially dependent on your CIBIL score. LIC HFL will assess your risk profile before finalising on the final interest rate. For instance, salaried professionals with a CIBIL score of 700 and above can avail at a much lower interest rate. Similarly, a salaried professional with a CIBIL score of less than 600 will be charged a higher interest. So, do enjoy best rates, try to maintain a good CIBIL score. However, the final rate offered to you is solely at the bank’s discretion.
News about LIC Home Loan
LIC Housing Finance Cuts Home Loan Rates After RBI Repo Rate Cut
LIC Housing Finance has reduced interest rates on new home loans by 50 basis points, with the new rates starting from 7.50 percent. The revised rates came into effect on 19 June 2025, which also marks the company’s 36th Foundation Day. The decision follows the recent cut in the repo rate by the Reserve Bank of India. The main aim of this reduction in interest rates is to make home ownership more affordable in line with the RBI’s monetary policy direction.
LIC to Raise Money through Green Bonds for FY25
In order to finance environmentally friendly housing projects, LIC Housing Finance Ltd. (LICHFL) intends to issue green bonds during the upcoming fiscal year. To discuss and approve the borrowing plan for the financial year 2024–2025 through loans or the issuance of redeemable non-convertible debentures, zero coupon bonds, subordinate debt, Tier II bonds, or any other means approved by the regulator, the mortgage division of the massive insurance company LIC will hold its board meeting on March 7.
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