| LIC Housing Finance LAP Highlights | |
| Interest Rate | 9.10%-12.25% p.a. |
| Loan Amount | Rs 2 lakh onwards |
| Tenure | Up to 15 years |
| Processing Fee | 0.5% of loan amount |
Note: Rates as of 19th January 2023
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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 | 9.10% |
| 700-750 | 9.70% |
| 600-700 | 10.95% |
Lease Rental Discounting
Loan Amount up to Rs 5 crore
| CIBIL Score | Interest Rate (p.a.) |
| 800 and above | 10.75% |
| 700 to less than 800 | 11.25% |
| 600 to less than 700 | 11.75% |
Loan Amount of Rs 5 crore-Rs 15 crore
| CIBIL Score | Interest Rate (p.a.) |
| 800 and above | 11.25% |
| 700 to less than 800 | 11.75% |
| 600 to less than 700 | 12.25% |
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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) |
| State Bank of India | 10.35-11.05 |
| Bank of Baroda | 10.55-16.20 |
| PNB Housing Finance | 9.65-13.00 |
| IDFC First Bank | 8.75-16.25 |
| HDFC | 9.35-12.25 |
| L&T Housing Finance | 9.60 onwards |
| LIC Housing Finance | 9.10-12.25 |
| Godrej Housing Finance | 9.75-14.50 |
| ICICI Bank | 9.75-10.90 |
| Tata Capital | 9.85 onwards |
| Bajaj Housing Finance | 9.85-10.80 |
| Axis Bank | 9.90-10.35 |
| Kotak Mahindra Bank | 9.15 onwards |
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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
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Eligibility Criteria for LIC Housing Finance Loan Against Property
The applicants should only be Indian residents.