LIC Plot Loan
Life Insurance Corporation Housing Finance Ltd. (LIC HFL) offers two different kinds of plot loans for the purchase of residential plot of land. Interest rates range from 7.35% p.a. to 9.80% p.a. depending on the type of employment and Credit Score of the applicant. Repayment tenures can go up to 30 years with a maximum loan amount of 75% of the property value.
LIC Plot Loan Interest Rates
LIC plot loan interest rates are linked to the applicant's employment type, credit score, and quantum of loan applied for. The interest rates for LIC plot loan are as given below (as of July 2026; subject to change):
For Salaried and Professional Individuals
Credit Score Score | Loan Slab | Interest Rate (p.a.) |
Credit Score ≥ 825 | Up to Rs.5 crores | 7.35% |
Rs.5 crores to Rs.15 crores | 7.65% | |
Credit Score 800-824 | Up to Rs.5 crores | 7.45% |
Rs.5 crores to Rs.15 crores | 7.75% | |
Credit Score 775-799 | Up to Rs.50 lakhs | 7.55% |
Rs.50 lakhs to Rs.2 crores | 7.65% | |
Rs.2 crores to Rs.15 crores | 7.85% | |
Credit Score 750 -774 | Up to Rs.50 lakhs | 7.65% |
Rs.50 lakhs to Rs.2 crores | 7.75% | |
Rs.2 crores to Rs.15 crores | 7.95% | |
Credit Score 725 -749 | Up to Rs.50 lakhs | 7.85% |
Rs.50 lakhs to Rs.2 crores | 7.95% | |
Rs.2 crores to Rs.15 crores | 8.15% | |
Credit Score 700 -724 | Up to Rs.50 lakhs | 8.15% |
Rs.50 lakhs to Rs.2 crores | 8.25% | |
Rs.2 crores to Rs.15 crores | 8.45% | |
Credit Score 650-699 | Up to Rs.50 lakhs | 8.95% |
Rs.50 lakhs to Rs.2 crores | 9.05% | |
Rs.2 crore to Rs.15 crores | 9.70% | |
150≤Credit Score≤200 | Up to Rs.35 lakhs | 7.85% |
Rs.35 lakhs to Rs.2 crores | 7.95% | |
101≤Credit Score<150 | Up to Rs.35 lakhs | 8.15% |
Rs.35 lakhs to Rs.2 crores | 8.25% |
Note: These are floating interest rates linked to LHPLR and updated on 29 July 2026.
For Self-Employed Individuals:
Credit Score | Loan Slab | Interest Rate (p.a.) |
Credit Score ≥ 825 | Up to Rs.5 crores | 7.45% |
Rs.5 crores to Rs.15 crores | 7.75% | |
Credit Score 800-824 | Up to Rs.5 crores | 7.55% |
Rs.5 crores to Rs.15 crores | 7.85% | |
Credit Score 775-799 | Up to Rs.50 lakhs | 7.65% |
Rs.50 lakhs to Rs.2 crores | 7.75% | |
Rs.2 crores to Rs.15 crores | 7.95% | |
Credit Score 750 -774 | Up to Rs.50 lakhs | 7.75% |
Rs.50 lakhs to Rs.2 crores | 7.85% | |
Rs.2 crores to Rs.15 crores | 8.05% | |
Credit Score 725 -749 | Up to Rs.50 lakhs | 7.95% |
Rs.50 lakhs to Rs.2 crores | 8.05% | |
Rs.2 crores to Rs.15 crores | 8.25% | |
Credit Score 700 -724 | Up to Rs.50 lakhs | 8.35% |
Rs.50 lakhs to Rs.2 crores | 8.45% | |
Rs.2 crores to Rs.15 crores | 8.65% | |
Credit Score 650-699 | Up to Rs.50 lakhs | 9.15% |
Rs.50 lakhs to Rs.2 crores | 9.25% | |
Rs.2 crores to Rs.15 crores | 9.80% | |
150≤Credit Score≤200 | Up to Rs.35 lakhs | 7.95% |
Rs.35 lakhs to Rs.2 crores | 8.05% | |
101≤Credit Score<150 | Up to Rs.35 lakhs | 8.35% |
Rs.35 lakhs up to Rs.2 crores | 8.45% |
Note: These are floating interest rates linked to LHPLR and updated on 29 July 2026.
Check : LICHFL Interest Rate
Quick Features of LIC Plot Loan
Some of the features of LIC Plot loan are listed below:
- Interest rate is low
- Documentation process is simple
- Loan is sanctioned quickly
- Low EMIs
- Facility of Balance Transfer or Takeover of existing home loans available
- Facility of online sanction of plot loan available
Features of LIC Plot Loan
The two different types of LIC plot loan along with their respective features are given below:
Composite Loan for Purchase of Plot and Construction of House
The features of this loan are:
- Maximum tenure of 30 years
- The sanctioned amount can be used for purchase of plot (up to 60% of loan amount) and construction of a house on the plot (40% or remaining loan amount)
- Construction of the house should be completed within 3 years of purchase of the plot
Purchase of plot of land from development authorities/approved layouts/government bodies
The features of this loan are:
- Maximum tenure of 15 years
- Used for purchase of land only from statutory authorities
- Maximum loan amount of up to 75% of the property value
LIC Plot Loan Eligibility Criteria
The eligibility criteria for LIC plot loan are as given below:
- Resident Indians
- Non-Resident Indians
- Salaried individuals in public, private, or government organisations
- Self-employed individuals
- Professionals
Check: Other Plot Loan
Documents Required for LIC Plot Loan
The following documents are required to apply for the LIC plot loan:
Proof of property (if property is already identified):
- Tax receipts that are up to date and paid
- Proof of property ownership
Proof of income:
- For salaried individuals:
- Bank statements for the last 6 months to 12 months
- Income tax returns for the last 3 years
- Form 16
- Salary slips
- For self-employed individuals:
- Bank statements for the last 6 months to 12 months
- Income tax returns for the last 3 years
- Financial statements for the last 3 years
- Know Your Customer (KYC) documents:
- Proof of residence
- Aadhaar card
- PAN card
- Passport for Non-Resident Indians (NRIs)
FAQs on LIC Plot Loan
1.Where can I apply for the LIC plot loan?
You can apply for the LIC plot loan either online on the official website of the company or by visiting the nearest branch office.
2.Can I use the LIC plot loan for balance transfer or takeover of other loans?
Yes, you can use the LIC plot loan for balance transfer or takeover of other home loans.
3.What is the maximum loan amount that I can avail on the LIC HFL Plot Loan?
The LIC HFL Plot Loan allows you to avail up to 75% of the value of the property you wish to purchase.
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