Home Loan from Lic Housing Home Loan from Lic Housing

LIC Housing Finance Ltd. is one of the largest housing finance companies in India. Lic housing offers home loans at eye-catching interest rates, min. processing fees & minimum documentations. LIC housing is the most searched HFC in india's from last 6 months as per trends. you can go through this page to know more about home loans benefits, features, process of lic housing.

Instant Online apply for LIC Housing Finance at Lowest Interest Rates & your CIBIL score absolutely FREE.

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54,02,013 loan quotes taken till now.
► Home Loan Rates starts from As low as 7.80%
► Compare Top Banks – SBI, HDFC Ltd, ICICI Bank, PNB Housing etc.

Current LIC Housing Finance home loan interest rates 2020

Last updated on 06 July 2020
LHPLR: 14.70%
LIC Housing Salaried & Professional Non Salaried & Non Professional
Upto 30 Lakh 7.90% - 8.35% 8.20% - 8.55%
Abv 30 Lakh to 50 Lakh 7.90% - 8.40% 8.20% - 8.55%
Abv 50 Lakh to 5 Crore 7.90% - 8.50% 8.35% - 8.75%
Abv 5 Cr to 15 Crore 8.25% - 8.70% 8.50% - 8.85%

Balance Transfer Scheme of LIC Housing Finance

Name of Scheme: Advantage 2020 Period of Offer: 02.01.2020 to 31.03.2020 Purpose: Takeover & Top up (As per advantage plus scheme) Processing Fees: Nil for home loan component Rate of Interest: For home loan component

Rate of Interests

(Floating – linked to LHPLR) Current LHPLR – 14.70%

Loan Slab CIBIL Score

Salaried & Professional

Non Salaried & Non Professional

Up to 50 Lakh CIBIL 700 & more 8.10% 8.30%
Above 50 Lakh & upto 5 crore CIBIL 700 & more 8.20% 8.40%

Rate of Interest for top up loan component

Product Name Interest Type Loan Slab Rate of Interest
Advantage Plus (Top up Component) Floating (Linked to LHPLR) Upto 50 Lakhs 9.70%
Above 50 Lakhs & upto 5 Crore 10.00%
Latest Update* - LIC Housing finance launched Griha Siddhi Home Loan Scheme.  
  Salaried Self employed
AGE 18 years to 70 years 18 years to 60 years
Income Rs.25000 (p.m) NTH ITR - 3,00,000(p.a)
Min. Loan Amount Rs.10,00,000 Rs.10,00,000
Tenure Upto 30 Years Upto 20 Years
Current Experience 2 years 3 years
Documentation 1) Application form with photograph.
2) Identity & residence proof.
3) Latest 3 months salary slip.
4) Form 16
5) Last 6 months salaried bank statements
6) Processing fee cheque
1) Application form with photograph.
2) Identity & residence proof.
3) Education qualifications certificate & proof of business existence.
4) Business profile, Last 3 years profit/loss & balance sheet.
5) Last 6 months bank statements.
6) Processing fee cheque

Rate of Interests (Floating Linked to LHPLR), Current LHPLR - 14.70%
Loan Slab CIBIL SCORE Women Borrowers single or as joint applicants Salaried & Professionals Non Salaried & Non Professional
Up to 30 Lakhs CIBIL>=800 7.50% 7.50% 7.50%
CIBIL>=700 7.90% 8.10%
CIBIL>=600 8.15% 8.40%
CIBIL<600 8.35% 8.55%
More Than 30 Lakh & upto 50 Lakhs CIBIL>=800 7.50% 7.50% 7.50%
CIBIL>=700 7.90% 8.20%
CIBIL>=600 8.25% 8.40%
CIBIL<600 8.40% 8.55%
Above Rs.50 Lakhs & upto Rs.5 Crore CIBIL>=800 7.50% 7.50% 7.50%
CIBIL>=700 7.90% 8.35%
CIBIL>=600 8.45% 8.50%
CIBIL<600 8.70% 8.75%
  Note*:: A special concession in ROI has been given to women borrower as mentioned above on fulfilments of
  1. Women has to be owner / co owner in the property OR Women has to be earning member.
  2. Women borrower has to be either Applicant or Co applicant in loan application.
  3. No CIBIL Score required for women borrower for loan up to Rs.30 Lakhs.
(In case of joints applicants, CIBIL score of applicant having highest score will be considered.)  

Looking for EMI calculations of home loan - Click Here


LIC Housing Finance offering home loans under various categories - Purchase, construction, Extension, pensioners, NRI etc.
Have a look at various schemes:
If you are looking for Purchase here's the information:
Home Loan for Purchase, Extension of House and Construction
Loan Amount Min.Rs.1,00,000/
Loan to Property cost 90% - loan up to 30 Lakh
80% - Loan above 30 Lakh & upto 75 Lakh
75% - loan up above 75 Lakh.
Loan Term (Repayment) Maximum term - For Salaried - 30 years, for self-employed 20 Years,
NRI (Maximum term - For Persons with Professional Qualification - 15 years, for Others 10Years)


Home Loan for Pensioners:

Before Retirement
Purposes Loans under the scheme may be availed for purchase, construction, extension of House / Flat
Eligibility Persons whose age is 50 or more and having a pension scheme after retirement may apply for loan under this scheme.
Terms & Conditions An undertaking letter that the entire loan or atleast 30 % or an amount as decided by the Area Office will be repaid out of the retirement benefits is required. The balance is to be repaid from the Pension Income. The amount of Principal to be repaid at the time of retirement will depend on the Pension amount the applicant is eligible after retirement.
Loan Term The term of the loan will be up to 15 years or 70 years of age whichever is earlier.

After Retirement
Purposes Loans under the scheme may be availed for purchase, construction, extension of House / Flat.
Eligibility Pensioners having a stable income throughout their life from pension may apply for loan under this scheme.
Terms & Conditions 1) Commutation of Pension or any portion thereof is not allowed under this scheme. 2) A Guarantor acceptable to the Company is required.
Repayment Mode The loan is to be repaid before the applicant attains the age of 70 years.

Common Document requirements for all applicants.
• Application form duly filled in.
• Copy of sanctioned plan and sanction letter.
• Copy of NA permission/ULC clearence, wherever applicable.
• One guarantor form and his/her salary certificate in lic housing format. If guarantor is in business or profession, a copy of his/her latest I.T.returns/assessment order.
• Bank Pass-book or statements for the last two years.f) Power of Attorney, wherever applicable

Additional Requirements - For salaried persons
• Employer's salary certificate in lic housing format/and latest salary slip.
• Identity card of applicant/s.
• TDS certificate of applicant/s.
• PF/ESIS slip of applicant/s.

Additional Requirements -For Businessmen / Self-employed
• Three years' income tax returns/assessment orders alongwith computation of income and statements of accounts certified by C.A.

Source: LIC Housing Finance website.

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