LIC Housing Finance Home Loan Highlights | |
Interest Rates | 8.40% – 10.75% p.a. |
Loan Amount (LTV Ratio) | 90% of property value |
Tenure | Up to 30 years |
Processing Charges | Flat Rs 3,000 |
Note: Rates as of 28th November 2023

Apply for LIC Housing Finance Home Loan at low interest rates Click Here
Table of Contents
LIC Housing Finance Home Loan Interest Rates
LIC HFL Grih Siddhi
CIBIL >=750
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.40% p.a. | 8.50% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 8.70% p.a. | 8.80% p.a. |
CIBIL 700-749
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.75 % p.a. | 8.85% p.a. |
More than 2 crore & up to Rs 15 crore | 8.95% p.a. | 9.05% p.a. |
CIBIL 600-699
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 50 lakh | 9.55% p.a. | 9.65% p.a. |
More than 50 lakh & up to Rs 2 crore | 9.75% p.a. | 9.85% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 9.90% p.a. | 10.00% p.a. |
CIBIL <600
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 50 lakh | 10.00% p.a. | 10.10% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 10.20% p.a. | 10.30% p.a. |
More than Rs 2 crore & up to Rs 5 crore | 10.40% p.a. | 10.50% p.a. |
CIBIL 150≤CIBIL≤200
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.75% p.a. | 8.85% p.a. |
CIBIL 101≤CIBIL<150
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 9.25% p.a. | 9.35% p.a. |

Apply for LIC Housing Finance Home Loan at low interest rates Click Here
Advantage Plus Scheme (Housing Loan Component)
CIBIL Score | Loan Amount | Interest Rate |
|
>=750 | More than Rs 10 lakh and up to Rs 2 crore | 8.40% p.a. | 8.50% p.a. |
More than Rs 2 crore and up to Rs 10 crore | 8.70% p.a. | 8.80% p.a. | |
700-749 | More than Rs 10 lakh and up to Rs 2 crore | 8.75% p.a. | 8.85% p.a. |
More than Rs 2 crore and up to Rs 10 crore | 8.95% p.a. | 9.05% p.a. |
Sure Fixed Scheme
CIBIL Score | Loan Amount | Interest Rate |
>=750 | Up to Rs 15 crore | 10.00% p.a. (fixed for entire team) |
<750 | Up to Rs 15 crore | 10.25% p.a. (fixed for entire team) |
Loan towards Purchase of Residential Plots/Residential Plots and Construction
CIBIL >=750
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.60% p.a. | 8.70% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 8.90% p.a. | 9.00% p.a. |
CIBIL 700-749
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.95 % p.a. | 9.05% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 9.15% p.a. | 9.25% p.a. |
CIBIL 650-699
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 50 lakh | 9.75% p.a. | 9.85% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 9.95% p.a. | 10.05% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 10.10% p.a. | 10.20% p.a. |
CIBIL 150≤CIBIL≤200
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 8.95% p.a. | 9.05% p.a. |
CIBIL 101≤CIBIL<150
Loan Slab | Salaried & Professional | Non-Salaried |
Up to Rs 2 crore | 9.45% p.a. | 9.55% p.a. |
LIC HFL Griha Suvidha
CIBIL >=750
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 8.65% p.a. | 8.75% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 8.95% p.a. | 9.05% p.a. |
CIBIL 700-749
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 9.00 % p.a. | 9.10% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 9.20% p.a. | 9.30% p.a. |
CIBIL 600-699
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 50 lakh | 9.80% p.a. | 9.90% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 10.00% p.a. | 10.10% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 10.15% p.a. | 10.25% p.a. |
CIBIL <600
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 50 lakh | 10.25% p.a. | 10.35% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 10.45% p.a. | 10.55% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 10.65% p.a. | 10.75% p.a. |
CIBIL 150≤CIBIL≤200
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh and up to Rs 2 crore | 9.00% p.a. | 9.10% p.a. |
CIBIL 101≤CIBIL<150
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh and up to Rs 2 crore | 9.50% p.a. | 9.60% p.a. |

Apply for LIC Housing Finance Home Loan at low interest rates Click Here
LIC HFL Griha Suvidha Asha (2 year ITR Self Employed or Class IV Salaried)
CIBIL >=750
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 8.90% p.a. | 9.00% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 9.20% p.a. | 9.30% p.a. |
CIBIL 700-749
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 9.25% p.a. | 9.35% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 9.45% p.a. | 9.55% p.a. |
CIBIL 650-699
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 50 lakh | 10.05% p.a. | 10.15% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 10.25% p.a. | 10.35% p.a. |
More than Rs 2 crore & up to Rs 3 crore | 10.40% p.a. | 10.50% p.a. |
CIBIL 150≤CIBIL≤200
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 9.25% p.a. | 9.35% p.a. |
CIBIL 101≤CIBIL<150
Loan Slab | Salaried & Professional | Non-Salaried |
More than Rs 10 lakh & up to Rs 2 crore | 9.75% p.a. | 9.85% p.a. |
Note: Other conditions will be same as applicable to Griha Siddhi Product
For P+C cases under Griha Suvidha, applicable ROI is 25 bps more than Griha Bhoomi
LIC HFL New Face Lift
CIBIL Score | Loan Slab | Interest Rate (p.a.) |
750 & above |
Up to Rs 15 crore |
9.10% |
700-749 | 9.25% |
Also Read: How you can build or rebuild your credit score with Step UP Credit Card Co-branded with SBM Bank India Ltd

Improve your credit score with lifetime free Step Up Credit Card Know More
Compare LIC Home Loan Interest Rates with Other Lenders
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. |
HDFC Bank Limited | 8.35% p.a. onwards | 8.35% p.a. onwards | 8.35% p.a. onwards |
LIC Housing Finance | 8.40% – 10.35% p.a. | 8.40% – 10.55% p.a. | 8.40% – 10.75% p.a. |
ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
Punjab National Bank | 8.45%-10.25% p.a. | 8.40%-10.15% p.a. | 8.40%-10.15% p.a. |
Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. |
Union Bank of India | 8.40% – 10.80% p.a. | 8.40% – 10.95% p.a. | 8.40% – 10.95% p.a. |
IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards |
Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards |

Compare Home Loan Schemes Offered by Top Lenders Compare Now
LIC Home Loan Processing Fees & Charges
Nature of Fees or Charge | Applicable Charges (exclusive of GST) |
Processing fee | Flat Rs 3,000 |
Prepayment Charges |
|
CERSAI Statutory Charges applicable at the time of loan disbursement |
|
Rewriting charges for Conversion fee |
|
Cheque bouncing charges on dishonour of cheques submitted for loan repayment | Rs. 350 |
ECS dishonour charges | Rs. 200 |
Document retrieval charges payable on the closure of the loan | Rs. 2,500 |
A miscellaneous fee of providing a list of documents | Rs. 500 (on each request) |
Miscellaneous fee for a photocopy of title documents | Rs. 1,000 (on each request) |
Late fee for late payment of EMIs | Up to 2.00% on default instalment |
Recovery charges payable for defaulting the repayment of loan instalment |
|
Types of LIC HFL Home Loan
Home Loan for Resident Indians
Purpose: LIC Housing Finance offers regular home loans to resident Indians for purchasing under-construction properties, ready to move in homes and construction of new houses.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |

Apply for LIC Housing Finance Home Loan at low interest rates Click Here
LIC Housing Finance Home Loan for Pensioners
Purpose: LIC Housing Finance offers Home Loan for Pensioners to employees of State/ Central Government, PSU insurers, PSUs and Nationalized Banks eligible for pension under Defined Benefit Pension Scheme. Applicants can avail 2 EMI waivers (1st EMI waiver at 61st month of loan tenure and 2nd EMI waiver at 121st month of loan tenure) under Home Loan for Pensioner scheme.
Tenure: Up to 30 years, or up to 80 years of age of the applicant
LIC HFL Griha Suvidha
Purpose: LIC Housing Finance Griha Suvidha scheme is a home loan scheme backed by Mortgage Guarantee, where age and type of income does not matter. This home loan scheme is offered to applicants receiving part of their salary through cash or those requiring extended loan tenures due to their nearing retirement age. This loan scheme is also available to self-employed applicants requiring extended loan tenure.
Tenure: Up to 30 years
LIC HFL Plot Loan
Purpose: Consumers can avail LIC HFL Plot Loan for purchase of residential plot from statutory authorities such as government bodies, development authorities and approved layout. The lender also offers Composite Loans to its applicants for plot purchase and home construction provided the construction is completed within 3 years from the date of plot purchase.
Tenure:
- Plot Loan- Up to 15 years
- Composite Loan- Up to 30 years
LTV Ratio
- Plot Loan- Up to 75% of property value
- Composite Loan- Up to 60% of the sanctioned amount should be used for plot purchase and the remaining amount should be used for home construction
LIC HFL Home Construction Loan
Purpose: LIC Housing Finance offers Home Construction Loan to existing as well as new home loan borrowers to fulfil their financial requirements for home construction purposes.
Tenure:
- For Salaried- Up to 30 years
- For Self-employed- Up to 25 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |

Apply for Home Construction Loan with LIC Housing Finance Click Here
LIC HFL Home Extension Loan
Purpose: Applicants can avail Home Extension Loan from LIC Housing Finance for carrying out extension or addition of space to existing properties.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |
LIC HFL Home Renovation/Improvement Loan
Purpose: LIC Housing Finance offers Home Renovation Loan or Home Improvement Loan for improvement and renovation of existing property of its applicants.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |
LIC HFL Top-up Home Loan
Purpose: LIC Housing Finance offers Top-up Home Loan to its existing home loan borrowers over and above their existing home loans to finance their personal needs.
LIC HFL Home Loan Balance Transfer
Purpose: Existing home loan borrowers of other banks and HFCs can avail LIC HFL Home Loan Balance Transfer facility to transfer their existing home loans to LIC Housing Finance at lower interest rates. The lender also offers waiver of 2 EMIs under LIC Home Loan Balance Transfer facility.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |

Transfer your Home Loan to LIC Housing Finance at Lower Rates Click Here
LIC HFL Advantage Plus Scheme
Purpose: Existing home loan borrowers of other banks and HFCs can avail LIC Housing Finance Advantage Plus Home Loan scheme to transfer their existing home loans to LIC HFL at lower interest rates. The lender also offers waiver of 2 EMIs, one at the end of 5th year and the other during loan closure under this scheme.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |
LIC HFL Home Loan for NRIs
Purpose: NRIs aspiring to own houses in India can avail LIC Housing Home Loan for NRIs to finance the purchase of under-construction or ready to move in properties and construction of own house. NRIs can also avail Plot Loans and Home Renovation Loan, Home Improvement Loan, Home Loan Balance Transfer facility and Top-up Home Loans from LIC Housing Finance.
Tenure: Up to 30 years
LTV Ratio:
Loan amount up to Rs 30 lakh | 90% of property value |
Loan amount above Rs 30 lakh-Rs 75 lakh | 80% of property value |
Loan amount above Rs 75 lakh | 75% of property value |

Get Home Loan at Attractive Interest Rate from Top Lenders Apply Now
LIC Housing Finance Home Loan Eligibility Criteria
For Griha Suvidha Home Loan
For Applicants who get part of their salary in cash
- Applicant should receive at least 70% component of the salary through banking channel
- The maximum loan tenure is up to the retirement age of senior applicant whose income is considered for loan calculation
- Maximum 2 cash salaried borrowers can apply as co-applicants for the loan.
- Total gross income requirement for 1 borrower is up to Rs 30,000 per month & for more than 1 cash salaried borrower in total is up to Rs 40,000 per month
For Salaried Employees having No Pension
- If an applicant is aged 45 years and retiring at the age of 58 years, the term that can be given will be 23 years (attainment of 68 years of age), i.e. the maximum loan term can be extended by 10 more years post-retirement
- The maximum age at the time of application of a loan will be 50 years
For Home Loan for Pensioners
- Employees working with State/Central Government, PSU insurers, PSUs, and Nationalized Banks drawing pension under Defined Benefit Pension Scheme (DBPS) who are up to 65 years of age as per last birthday can avail LIC HFL Home Loan for Pensioners.
- The spouse must be a joint applicant irrespective of the ownership of the property
- Children can be added as co-applicants to the home loan and their income can be added for allowing longer tenure and higher loan amount
For Top-up Home Loan
- New applicants transferring their existing home loan from other banks/HFCs
- Existing home loan borrowers with consistent track record of timely repayment of their home loan EMIs.
In addition to the above-mentioned LIC Home Loan eligibility criteria, the lender may also consider the credit score of its applicants while evaluating their home loan eligibility, just like other lenders do.
Also know the home loan eligibility calculator
Documents Required for LIC Housing Finance Home Loan
KYC documents
- Pan Card
- Aadhaar Card
- For NRIs, a passport is required
- Proof of residence
Income documents
- Salary slips and Form No.16 for salaried
- Last 3 years income tax returns along with financials for self-employed or professionals
- Bank statements for the last 6 to12 months
Property Documents (in case property is identified)
- Proof of ownership of property
- In the case of flats, the allotment letter of the builder/society
- Up to date tax paid receipt
Also Read: Home Loan Documents Required
LIC Housing Finance Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

Apply for LIC Housing Finance Home Loan at Attractive Interest Rates Click Here
FAQs
1. Are there any restrictions on prepaying LIC Housing Finance Home Loan?
Ans. No, there are no restrictions on prepayment of LIC Housing Finance Home Loan. The HFC does not levy any prepayment charges on home loans.
2. What is the minimum credit score required to avail home loan from LIC Housing Finance?
Ans. LIC Housing Finance has not set any cut-off credit score for home loan applicants. The HFC also offers home loans to ‘new to credit’ applicants i.e. those who have never availed any loan or credit card in the past. However, the HFC has set lower interest rates for home loan applicants having higher credit scores, and higher interest rates for applicants having lower credit scores . For example, LIC Housing Finance has set lowest interest rates for home loans applicants having credit scores of 700 and above whereas the highest interest rates are charged from applicants having credit scores less than 600.
3. I receive a part of my salary through cash. Can I apply for a home loan from LIC Housing Finance?
Ans. Applicants receiving part of their salary through cash can apply for Griha Suvidha Home Loan from LIC Housing Finance. However, such salaried applicants should be receiving at least 70% of their salary through banking channels.
4. Can I choose between fixed and floating rate of interest?
Ans. LIC Housing Finance offers home loans at both fixed and floating rates. Home loan applicants wishing to avail loans at fixed interest rates can apply for “MY Choice-Sure Fixed” home loan scheme. The interest rates offered under this scheme remain fixed for the entire loan tenure.
5. Whose credit score will be considered in case of joint home loans?
Ans. In case of joint home loans, LIC Housing Finance will consider the credit score of the applicant having the highest credit score.