| LIC Housing Finance LAP Highlights 2022 | |
| Interest Rate | 7.50%-10.50% 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 | 7.50% |
| 700-750 | 7.95% |
| 600-700 | 8.95% |
Lease Rental Discounting
Loan Amount up to Rs 5 crore
| CIBIL Score | Interest Rate (p.a.) |
| 800 and above | 9.00% |
| 700 to less than 800 | 9.50% |
| 600 to less than 700 | 10.00% |
Loan Amount of Rs 5 crore-Rs 15 crore
| CIBIL Score | Interest Rate (p.a.) |
| 800 and above | 9.50% |
| 700 to less than 800 | 10.00% |
| 600 to less than 700 | 10.50% |
Compare LAP Interest Rates of LIC Housing Finance vs Other Lenders
| Name of the Lender | Interest Rate (% p.a.) |
| LIC Housing Finance | 7.50-10.50 |
| State Bank of India | 8.40 – 8.80 |
| Bank of Baroda | 8.60 – 14.25 |
| PNB Housing Finance | 7.75-11.00 |
| IDFC First Bank | 6.50-14.00 |
| HDFC | 7.65-10.60 |
| L&T Housing Finance | 10.30-10.90 |
| Godrej Housing Finance | 7.99-10.99 |
| ICICI Bank | 7.85-9.50 |
| Tata Capital | 10.10 onwards |
| Bajaj Housing Finance | 8.00-9.05 |
| Axis Bank | 7.90-9.30 |
| Kotak Mahindra Bank | 9.50-11.70 |
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.