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  • HDFC Home Loan Vs LIC Home Loan

    Take a well-informed decision about the best home loan for you by comparing home loan interest rates from different banks, such as HDFC vs LIC. Both these financial institutions offer competitive interest rates and attractive features which make it easier and faster to get a home loan approved and your dream home a reality. By understanding the differences and advantages of each, you can choose the right home loan for your requirements.

    Compare HDFC Home Loan Vs LIC Home Loan

    Here are the interest rates, processing fees, and other features such as loan amount and tenure of HDFC vs LIC home loans:

    Compare HDFC Home Loan LIC Home Loan
    Interest Rate 6.70% p.a. onwards 6.66% p.a. onwards
    Processing Fees For salaried professionals and self-employed professionals: Up to 0.50% of loan amount or Rs.3,000, whichever is higher + taxes
    For self-employed non-professionals: Up to 1.50% of loan amount or Rs.4,500, whichever is higher + taxes
    0.25% to 0.50% of loan amount subject to Rs.5,000 minimum and Rs.15,000 maximum + GST
    Popular Home Loan Products
    • HDFC Home Loan
    • HDFC Plot Loans
    • Rural Housing Loans
    • House Renovation Loan
    • Home Extension Loan
    • Top Up Loans
    • HDFC Reach Loan
    • Pradhan Mantri Awas Yojana
    • Balance Transfer
    • Loan Against Property
    • Commercial Property Loans
    • Commercial Plot Loans
    • HDFC Home Loan for NRI/PIO
    • Home Loans
    • Griha Varishtha Home Loan for Pensioner
    • Pradhan Mantri Awas Yojana
    • Griha Suvidha
    • Home Loan for NRI
    • Plot Loan
    • Home Construction Loan
    • Home Extension Loan
    • Home Improvement Loan
    • Top Up on Home Loan
    • Home Loan Balance Transfer
    • Advantage Plus
    Retail Lending Rate 16.05% LHPLR: 14.60%
    Loan Amount Contact the bank Contact the bank
    Loan Tenure 30 years 30 years
    Lowest EMI Rs.645 Rs.643
    Eligibility Resident Indian Between 21 to 65 years of age Resident Indians and NRIs Salaried, self-employed, or professionals
    Prepayment Charges Nil Nil
    Penal Interest Rates 24% p.a. Up to 2% p.m. on defaulted instalment

    Which Bank Offers the Lowest Home Loan Interest Rate – HDFC Vs LIC?

    Both HDFC and LIC offer different home loan schemes with attractive interest rates. HDFC offers home loans starting at 6.70% p.a. with interest concession for women borrowers. There are also different variants of the home loan such as the two-year fixed rate variant and the adjustable rate home loan. The interest rate on HDFC home loans also changes with the quantum of loan applied for and other factors.

    LIC’s home loans are based on the prime lending rate as well as the CIBIL score of the applicant with interest rates starting at 6.66% p.a. for salaried and professional individuals having a CIBIL score equal to or above 700 and 7.00% p.a. for others. For those with CIBIL scores less than 700, interest rates start at 7.10%. This is for home loans of up to Rs.50 lakh with interest rates varying according to the quantum of loans as well.


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