LIC Housing Finance LAP Highlights 2022 | |
Interest Rate | 8.35%-11.10% p.a. |
Loan Amount | Rs 2 lakh onwards |
Tenure | Up to 15 years |
Processing Fee | 0.5% of loan amount |
Table of Contents
LIC Housing Finance Loan Against Property Interest Rates
Grih Vikas
Loan Amount up to Rs 15 crore
CIBIL Score | Interest Rate (p.a.) |
750 and above | 8.35% |
700-750 | 8.80% |
600-700 | 9.80% |
Lease Rental Discounting
Loan Amount up to Rs 5 crore
CIBIL Score | Interest Rate (p.a.) |
800 and above | 9.60% |
700 to less than 800 | 10.10% |
600 to less than 700 | 10.60% |
Loan Amount of Rs 5 crore-Rs 15 crore
CIBIL Score | Interest Rate (p.a.) |
800 and above | 10.10% |
700 to less than 800 | 10.60% |
600 to less than 700 | 11.10% |
Compare LAP Interest Rates of LIC Housing Finance vs Other Lenders
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 9.30-9.70 |
Bank of Baroda | 9.15-14.80 |
PNB Housing Finance | 7.99-11.00 |
IDFC First Bank | 7.40-14.90 |
HDFC | 8.25-11.20 |
L&T Housing Finance | 10.30-10.90 |
LIC Housing Finance | 8.35-11.10 |
Godrej Housing Finance | 8.75-10.99 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 7.00-18.00 |
Axis Bank | 8.90-9.10 |
Kotak Mahindra Bank | 9.50-11.70 |

Apply for Loan Against Property at Low Rates Click Here
Types of LIC Housing Finance Loan Against Property
Grih Vikas
- Purpose: Loan against residential properties for personal or business purposes such as child’s education or marriage, business expansion, purchase of another property, etc.
- Loan Amount: Rs 2 lakh onwards
- Tenure: Up to 15 years
- Processing Fee: 5% of loan amount
Lease Rental Discounting
Purpose: Loan against rental receipts obtained from rented properties
Eligibility Criteria for LIC Housing Finance Loan Against Property
The applicants should only be Indian residents.