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.

Check Your Credit Score Now

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	8.60% p.a. onwards	8.30% 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
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

Check Your Credit Score Now

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

HDFC Home Loans

Interest Rates: Starting at 6.70% p.a.
Special Offer: Concessions for women borrowers.
Loan Variants: Choose from two-year fixed rate or adjustable rate home loans.
Rate Change Factors: The interest rate varies based on the loan amount and other factors.

LIC Home Loans

Interest Rates:
1. For salaried/professional individuals with a CIBIL score of 700+, interest starts at 6.66% p.a.
2. For others, interest rates start at 7.00% p.a.
3. If the CIBIL score is below 700, rates start at 7.10% p.a.
Loan Limit: These rates apply to home loans up to Rs. 50 lakh, with rates varying based on loan amount.

Check Your Credit Score Now

Other Banks Comparison

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score

Home Loans by Banks

Home Loans by NBFC

Calculator

Home Loan Articles

Home Loan Resources

Schemes and Acts

Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

support[at]bankbazaar[dot]com