LIC Housing Finance
LIC Housing Finance: Check Interest Rates, Documents, EMI, Eligibility on LIC housing Finance. Interest rates starts from 8.50% to 10.50%.
LIC Housing Finance Ltd. is one of the largest Housing Finance Company in India. LIC Housing Finance Offering Loans for Purchase, Construction, Extension, Repairs/Renovations, Purchase of Plot & take over from other Institutions/Banks + Top up.
It provides Housing Loan for long term Finance with low Interest Rates. You can take a Home Loan for various purposes like Purchasing a Plot, House Extension and even Repair & Renovation. Over 11000 representatives have been helping Indian own homes, over last 25 years.
LIC Housing Finance Details:
| Interest Rates | 8.50% - 10.50% |
| Processing Fees | Below 1 Cr: 0.25% + AT or Rs.10000 + AT, whichever is lower
Above 1 Cr – 15 Cr: Rs.20000 + AT |
| Pre payment Charges | Nil |
| Upto Rs.30 Lakh | 90% of property value |
| Above Rs.30 Lakh & Upto Rs.75Lakh | 80% of property value |
| Above Rs.75 Lakh | 75% of property value |
| Lowest EMI | Rs.769 per Lakh up to 30years |
| Min. Income | Rs.25000/- p.m |
| Loan Repayment | 3 to 30 years |
Why to Choose Lic Housing Finance?
✓ Minimum Loan amount of Rs.100000 (1 lakh)
✓ You Can Avail upto 85% of total cost of the property including Stamp duty & Registration changes for loan upto 20 lacs.
✓ Maximum loan Repayment term - For Salaried - 30 years, for self -employed 20 Years
✓ As per Bank Reports – LIC Housing Finance Loan book stood at Rs.139,000 cr over 25 Years of establishment.
✓ More than 16.8 lacs families own home with LIC housing Support
LIC Housing Finance Interest Rates 2024
Griha Siddhi / Apna Ghar Floating Rate Schemes
| CIBIL Score | Loan Slab | Salaried & Professional | Non - Salaried |
| >750 | upto 2 Cr | 8.50% | 8.60% |
| 2 Cr - 15 Cr | 8.70% | 8.80% | |
| 700 - 749 | upto 2 Cr | 8.75% | 8.85% |
| 2 Cr - 15 Cr | 8.95% | 9.05% | |
| 600 - 699 | Up to 50 Lakh | 9.55% | 9.65% |
| 50 Lakh - 2 Cr | 9.75% | 9.85% | |
| 2 Cr - 15 Cr | 9.90% | 10.00% | |
| <600 | Up to 50 Lakh | 10.00% | 10.10% |
| 50 Lakh - 2 Cr | 10.20% | 10.30% | |
| 2 Cr - 5 Cr | 10.40% | 10.50% | |
| 150 < 200 | Up to 50 Lakh | 9.30% | 9.40% |
| 50 Lakh - 2 Cr | 9.50% | 9.60% | |
| 101 < 150 | Up to 50 Lakh | 9.55% | 9.65% |
| 50 Lakh - 2 Cr | 9.75% | 9.85% | |
| Advantage Plus Scheme | |||
| >750 | 10 Lakh - 2 Cr | 8.50% | 8.60% |
| 2 Cr - 10 Cr | 8.70% | 8.80% | |
| 700 - 749 | 10 Lakh - 2 Cr | 8.75% | 8.85% |
| 2 Cr - 10 Cr | 8.95% | 9.05% | |
| Sure Fixed Scheme | |||
| >750 | Up to 15 Cr | 10.00% | |
| <750 | Up to 15 Cr | 10.25% | |
Waiver of 2 EMIs will be given at the end of 5 years of loan tenure or during the closure of loan if customer has default free track record and there is no prepayment during the initial 5 years of loan.
The component authority reserves the right to add/delete/modify/withdraw any or all terms & conditions & features of this scheme without giving any prior notice or intimation to anyone in this regard.
Compare LIC Housing Finance Interest Rates. Click Here
For more information about the LIC home Loan Offers Click LIC Housing Finance
| 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) |
| Loan Amount Offered | 5,00,000 - 5,00,00000 | 5,00,000 - 5,00,00000 |
| Tenure | 5 years - 30 years | 5 years - 20 years |
| Current Experience | 2 years | 3 years |
| Processing Fee | For loan amount below INR 1 Crore - 0.25% of the loan amount + AT or INR 10,000 + AT. whichever is lower Loan Amount Above INR 1 Crore to Up to INR 15 Crore - INR 20,000 + AT |
For loan amount below INR 1 Crore - 0.25% of the loan amount + AT or INR 10,000 + AT. whichever is lower Loan Amount Above INR 1 Crore to Up to INR 15 Crore - INR 20,000 + AT |
| 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 |
- Women has to be owner / co owner in the property OR Women has to be earning member.
- Women borrower has to be either Applicant or Co applicant in loan application.
- No CIBIL Score required for women borrower for loan up to Rs.30 Lakhs.
Pre-payment charges are waived off if paid through own sources / through salary a/c cheque.
LIC Housing Finance Loan for All
Some plans that suit your needs:- Griha Prakash Home Loan
- New Griha Laxmi Home Loan
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Home Loan Scheme |
Griha Prakash Plan |
New Griha Laxmi Plan |
| Who can avail of this plan: |
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| Loan against Liquid Security such as: | NA |
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- Purchase of residential Plot/House/Flat
- Construction of Residential House/Flat
- Renovation/Extension/Repairs to Residential House/Flat
- Take over of housing loans from other financial institution
LIC Housing Finance Home Loan for NRI's
LIC housing finance offers some plans which suits NRI borrowers:LIC Griha Shobha home loan
Who can avail of this plan:- NRIs (persons of Indian Origin)
- working abroad (must be in Service)
- purchase of residential Plot/House/Flat
- Construction of Residential House/Flat
- Renovation/Extension/Repairs to Residential House/Flat
LIC Housing Finance Mortgages
Lic housing offers some plans that suit your needs:|
Home Loan Scheme |
Griha Vikas Plan |
Rental securitization Plan |
| Who can avail of this plan: |
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| Loan against Mortgage of | Residential House / Flat | Loan against Mortgage of Residential Home / Flat and rent receivables for the unexpired Period of Lease specified in the Lease Agreement:
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LIC Housing Finance loans for Professionals
LIC housing offers 2 plans for professionals:| Home Loan Scheme |
Apna Office 1 |
Apna Office 2 |
| Who can avail of this plan: | Professionals like
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On the basis of projected income and Cash Flow this plan can be availed by:
Professionals like
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| Get loan for |
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FAQ on LIC Housing Finance
Can I get loan for purchasing consumer durables?
Yes. There are separate schemes for purchasing consumer durables like TV, Music System, Computer, Washing Machine, AC etc.
Who Can Apply For The Loan?
You must be in permanent service or engaged in a profession or business to be eligible for a loan. You should have a stable job and a regular income .
Loan schemes are for those going in for a residential house. We may be able to advance you a loan under our scheme if you want to -
(a) Construct/purchase a new House/Flat.
(b) Buy an existing house or flat not more than 35 years old.
(c) Extend an existing House.
(d) Renovation/repairs to an existing House/Flat.
Who Can Be Co-Applicant?
The Co-owners of the property in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife,father-son or mother-son.
Security
- Equitable Mortgage of Residential House/Flat/Plot
- Demand Promissory Note.
Registered Office Address of LIC Housing Finance Ltd.
2nd Floor, Bombay Life Building,
45/47, Veer Nariman Road, Fort,
Mumbai - 400 001
Source: LIC Housing Finance website.
Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.