LIC Home Loan Balance Transfer
LIC's home loan balance transfer gives you the freedom to pay lower interest rates and lower your Equated Monthly Instalments (EMIs) on your home loan by transferring your existing loan from any other bank to LIC. You can also avail top-up loans on your home loan at lower interest rates. Interest rates start at 7.50% p.a. with a maximum repayment tenure of up to 30 years.
LIC Home Loan Balance Transfer Interest Rates
LIC's home loan balance transfer interest rates vary based on credit score and quantum of loan (please visit lichousing.bank.in for current rates as of May 2026). depending on the credit score and quantum of loan. Please visit lichousing.bank.in for the current LIC Housing Prime Lending Rate (LHPLR) as of May 2026.
Interest Rate for Non-salaried and non-professional individuals
CIBIL Score Range | Quantum of Loan | Interest Rate (p.a.) |
101 to 149 | Up to Rs.35 lakhs | 8.35% |
101 to 149 | More than Rs.35 lakhs to Rs.2 crore | 8.45% |
150 to 200 | Up to Rs.35 lakhs | 7.95% |
150 to 200 | More than Rs.35 lakhs to Rs.2 crore | 8.05% |
<600 | Up to Rs.50 lakhs | 9.85% |
<600 | More than Rs.50 lakhs to Rs.2 crore | 9.85% |
<600 | More than Rs.2 crore to Rs.5 crore | 9.95% |
600 to 699 | Up to Rs.50 lakhs | 9.15% |
600 to 699 | More than Rs.50 lakhs to Rs.2 crore | 9.15% |
600 to 699 | More than Rs.2 crore to Rs.15 crore | 9.25% |
700 to 724 | Up to Rs.50 lakhs | 8.35% |
700 to 724 | More than Rs.50 lakhs to Rs.2 crore | 8.35% |
700 to 724 | More than Rs.2 crore to Rs.15 crore | 8.45% |
725 to 749 | Up to Rs.50 lakhs | 7.95% |
725 to 749 | More than Rs.50 lakhs to Rs.2 crore | 7.95% |
725 to 749 | More than Rs.2 crore to Rs.15 crore | 8.05% |
750 to 774 | Up to Rs.50 lakhs | 7.75% |
750 to 774 | More than Rs.50 lakhs to Rs.2 crore | 7.75% |
750 to 774 | More than Rs.2 crore to Rs.15 crore | 7.85% |
775 to 799 | Up to Rs.50 lakhs | 7.65% |
775 to 799 | More than Rs.50 lakhs to Rs.2 crore | 7.65% |
775 to 799 | More than Rs.2 crore to Rs.15 crore | 7.75% |
800 to 824 | Up to Rs.5 crore | 7.50% |
800 to 824 | More than Rs.5 crore to Rs.15 crore | 7.80% |
825 and above | Up to Rs.5 crore | 7.30% |
825 and above | More than Rs.5 crore to Rs.15 crore | 7.60% |
Interest Rate for Salaried and Professional Individuals
CIBIL Score Range | Quantum of Loan | Interest Rate (p.a.) |
101 to 149 | Up to Rs.35 lakhs | 8.10% |
101 to 149 | More than Rs.35 lakhs to Rs.2 crore | 8.20% |
150 to 200 | Up to Rs.35 lakhs | 7.80% |
150 to 200 | More than Rs.35 lakhs to Rs.2 crore | 7.90% |
<600 | Up to Rs.50 lakhs | 9.70% |
<600 | More than Rs.50 lakhs to Rs.2 crore | 9.70% |
<600 | More than Rs.2 crore to Rs.5 crore | 9.80% |
600 to 699 | Up to Rs.50 lakhs | 8.90% |
600 to 699 | More than Rs.50 lakhs to Rs.2 crore | 8.90% |
600 to 699 | More than Rs.2 crore to Rs.15 crore | 9.00% |
700 to 724 | Up to Rs.50 lakhs | 8.10% |
700 to 724 | More than Rs.50 lakhs to Rs.2 crore | 8.10% |
700 to 724 | More than Rs.2 crore to Rs.15 crore | 8.20% |
725 to 749 | Up to Rs.50 lakhs | 7.80% |
725 to 749 | More than Rs.50 lakhs to Rs.2 crore | 7.80% |
725 to 749 | More than Rs.2 crore to Rs.15 crore | 7.90% |
750 to 774 | Up to Rs.50 lakhs | 7.60% |
750 to 774 | More than Rs.50 lakhs to Rs.2 crore | 7.60% |
750 to 774 | More than Rs.2 crore to Rs.15 crore | 7.70% |
775 to 799 | Up to Rs.50 lakhs | 7.50% |
775 to 799 | More than Rs.50 lakhs to Rs.2 crore | 7.50% |
775 to 799 | More than Rs.2 crore to Rs.15 crore | 7.60% |
800 to 824 | Up to Rs.5 crore | 7.35% |
800 to 824 | More than Rs.5 crore to Rs.15 crore | 7.65% |
825 and above | Up to Rs.5 crore | 7.15% |
825 and above | More than Rs.5 crore to Rs.15 crore | 7.45% |
LIC Home Loan Balance Transfer Features and Benefits
The features and benefits of LIC home loan balance transfer are as given below:
- Low interest rates leading to lower EMIs and greater savings
- Faster sanction of loan
- Facility for quick online loan sanction
- Can be used for purchase, construction, renovation, or repairs of house or apartment
- No prepayment penalty
- Minimal documentation
- Tenure of up to 30 years or up to 60 years of age, whichever is sooner
- CIBIL score of joint applicants is also taken into account to make eligibility easier
- Top-up loans at low interest rates
You can borrow up to 90% of your property's value for loans up to Rs.30 lakh, up to 80% for loans between Rs.30 lakh and Rs.75 lakh, and up to 75% of the property's value for loans above Rs.75 lakh.
LIC Home Loan Balance Transfer Eligibility Criteria
The eligibility criteria for the LIC Home Loan Balance Transfer are:
- Indian Residents or Non-Resident Indians
- Salaried or self-employed individuals with a regular income source
The maximum repayment tenure is up to 30 years for salaried applicants and up to 25 years for self-employed applicants, subject to your repaying capacity and age.
LIC Home Loan Balance Transfer Documents Required
The documents required are as follows:
Income documents:
- Bank statements for the last 6 months to 1 year
- For salaried individuals: Form 16 and salary slips
- For self-employed and professionals: Income tax returns for the last 3 years and other financials
KYC Documents:
- Proof of residence
- Aadhaar card
- PAN card
- For Non-Resident Indians: Passport
Property documents (if property has already been selected)
- Paid and up-to-date tax receipts
- For apartments: Allotment letter of residential society or builder
- Proof of ownership of property
FAQs on LIC Home Loan Balance Transfer
1.What is LIC Home Loan Balance Transfer?
LIC Home Loan Balance Transfer is a facility that lets you shift your existing home loan from another bank or lender to LIC Housing Finance (LIC HFL). It is designed to help you secure a lower interest rate and reduce your EMIs on the outstanding loan. You can also avail a top-up loan alongside the transfer.
2.What are the benefits of an LIC Home Loan Balance Transfer?
An LIC Home Loan Balance Transfer can lower your interest rate and EMIs, offer faster online sanction, and come with no prepayment penalty. It also allows minimal documentation and considers the CIBIL score of joint applicants to ease eligibility.
3.Who is eligible for an LIC Home Loan Balance Transfer?
Indian residents and Non-Resident Indians who are salaried or self-employed with a regular source of income are eligible for an LIC Home Loan Balance Transfer. Your exact eligibility and interest rate depend on your CIBIL score and the loan amount.
4. What documents are required for an LIC Home Loan Balance Transfer?
You need income documents such as bank statements and salary slips or income tax returns, KYC documents such as your Aadhaar card, PAN card and proof of residence, and property documents such as ownership proof and tax receipts. Non-Resident Indians must also submit their passport.
5.What is the maximum tenure for an LIC Home Loan Balance Transfer?
LIC Home Loan Balance Transfer offers a repayment tenure of up to 30 years, subject to your age and repaying capacity. Self-employed applicants may be offered a shorter maximum tenure than salaried applicants.
6.How is the interest rate for an LIC Home Loan Balance Transfer decided?
The interest rate for an LIC Home Loan Balance Transfer depends on your CIBIL score and the loan amount you are transferring, as shown in the rate tables above. A higher CIBIL score generally qualifies you for a lower rate.
7.How do I apply for the LIC Home Loan Balance Transfer?
You can apply for the LIC Home Loan Balance Transfer by visiting your nearest LIC Housing Finance Ltd. (HFL) branch office or applying online on the official LIC HFL website.
8.Can I use the LIC Home Loan Balance Transfer to repair my existing home?
Yes, you can use the LIC Home Loan Balance Transfer for repairs or renovation of your existing home if your current home loan was being used for that purpose.
9.Can I use the LIC Home Loan Balance Transfer to buy a resale property?
Yes, the LIC Home Loan Balance Transfer can be used to buy a resale property, provided the property meets LIC HFL's applicable age and eligibility criteria.
10.Is a top-up loan available with the LIC Home Loan Balance Transfer?
Yes, LIC Home Loan Balance Transfer allows you to avail a top-up loan on your transferred home loan. The top-up loan's interest rate and eligibility are assessed separately from your base home loan rate.
11.Are there any charges for prepaying an LIC Home Loan Balance Transfer?
No, LIC Home Loan Balance Transfer does not carry a prepayment penalty, so you can prepay your outstanding loan amount without incurring additional charges.
12.Can NRIs working in the Gulf apply for an LIC Home Loan Balance Transfer?
Yes, Non-Resident Indians, including those working in the Gulf, can apply for an LIC Home Loan Balance Transfer provided they meet LIC HFL's NRI eligibility and documentation requirements, including a valid passport.
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