A "low interest" loan shouldn't mean you have very little interest in paying it back!
LIC Top Up on Home Loan helps existing LIC home loan customers to obtain additional funds to meet any increased financial requirements in the course of constructing a new house or purchasing a flat or house. It is also available for new customers as a top-up loan on balance transfer of their home loan from another financial institution so that they can enjoy lower interest rates as well as other benefits that LIC HFL offers.
LIC’s Top Up on Home Loan interest rates are linked to the LIC Housing Prime Lending Rate (LHPLR) which currently stands at 14.70%. The interest rates are as given below:
| Type of Customer | Interest Rate |
| New customers | 9.00% p.a. |
| Existing customers | 8.50% p.a. |
LIC Top Up on Home Loan has the following features and benefits:
The eligibility criteria for the LIC Top Up on Home Loan are as given below:
The documents required are as given below:
KYC Documents:
Income documents:
The maximum tenure for the LIC HFL balance transfer home loan is 30 years for salaried individuals, 20 years for self-employed individuals, or 60 years of age, whichever comes earlier.
No, there is no prepayment penalty for LIC HFL home loans.
Yes, NRIs are eligible for the Top Up on Home Loan from LIC HFL.
No, the interest rate on LIC HFL Top Up on Home Loan is not linked to the credit score.
Yes, you can add a co-applicant to increase the eligibility for LIC HFL home loans.
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