A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    LIC Housing Finance Home Loan

    LIC Housing Finance Limited offers affordable home loan options ranging from Rs.1 lakh and up to Rs.3 crore at attractive interest rates. The loans can be availed by eligible borrowers looking to purchase/construct/extend/renovate a property. The applicable processing fee ranges between Rs.10,000 to Rs.15,000 plus GST depending on the loan amount being availed. LIC HFL also offers housing loan schemes for NRIs and pensioners at competitive rates of interest. 

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    We found 1 LIC Housing Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.95% - 9.05% Floating
    Up to ₹1 Cr - 0.25% of Loan Amount, subject to maximum ₹10,000/- (Plus GST), Above ₹1 Cr and up to ₹5 Crs - 0.25% of Loan Amount, subject to maximum ₹25,000/- (Plus GST)
    30L - 5Crs
    5-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Getting a home of your own is like a dream come true and LICHFL strives to make that dream possible. The home loan service provider offers financing schemes tailored for resident Indians, non-resident Indians (NRIs), and pensioners.

    Some of the major highlights of the plans are competitive rates, loan assistance by skilled professionals, loans for varying needs (home construction, renovation, and extension, to name a few), and exclusion of hidden charges, among others.

    LICHFL for Resident Indian

    Key Highlights Processing Fee
    • Minimum financing of Rs.1 lakh
    • Financing of up to 85% of the total property cost
    • Tenure of up to 30 years
    • Loans for plot and property purchase, construction, extension, and renovation
    • Rs.10,000 + GST for loans of up to Rs.50 lakh
    • Rs.15,000 + GST for loans starting above Rs.50 lakh and up to Rs.3 crore

    GST = Goods and Services Tax

    LICHFL for Non-resident Indians

    Key Highlights Processing Fee
    • Financing of up to 85% of the total property cost
    • Minimum financing of up to Rs.1 lakh
    • Loans for plot and property purchase, construction, extension, and renovation
    • Loan tenure of up to 30 years
    • Rs.10,000 + GST for loans of up to Rs.50 lakh
    • Rs.15,000 + GST for loans starting above Rs.50 lakh and up to Rs.3 crore

    LICHFL for Pensioners

    Key Highlights Processing Fee
    • This scheme can be availed before or after retirement
    • Maximum tenure of 15 years
    • Hassle-free documentation
    • Rs.10,000 + GST for loans of up to Rs.50 lakh
    • Rs.15,000 + GST for loans starting above Rs.50 lakh and up to Rs.3 crore

    LIC Housing Finance Home Loan Interest Rate

    The LIC reaffirms its position as a people centric organization by offering home loans at an attractive interest rate of 8.95% to 9.15% (floating) on a monthly reducing balance model. No wonder, LIC housing home loans have many takers when it comes to a competent and comprehensive home loan.

    Upto Rs.50 lacs Above Rs.50 lacs & upto Rs.5 crs
    Salaried 8.95% 9.05%
    Non-Salaried (Professional) 8.95% 9.05%
    Non-Salaried (Non-Professional) 9.05% 9.15%

    Note:- 8.80% - for women borrower for loan upto Rs.10 lacs

    Use BankBazaar LICHFL Home Loan EMI Calculator to Know Your EMI

    Calculate your EMI (equated month instalment) amount beforehand with the help of BankBazaar LICHFL Home Loan EMI Calculator. It will help manage your finances in a better way. The entire calculation process is quite simple. All you need to do is enter details regarding your loan, including the loan amount, interest rate, loan tenure, and processing fee. Press the “calculate” button to view the final EMI amount.

    You can also view a comprehensive breakdown of your payment schedule through the amortisation table.

    LIC Housing Finance Ltd Eligibility Criteria

    Type of Employment Permanent service or engaged in a business
    Nationality Indian, NRI

    Documents Required for LIC Housing Finance Ltd

    General documents
    • Identity proof: Passport, PAN card, or voter ID card
    • Address proof
    • 2 years’ bank statements
    • Power of Attorney (if applicable)
    For salaried persons
    • Last 6 months’ salary slips
    • Form 16
    For self-employed persons
    • Last 3 years’ income tax returns, income computation, and account statements certified by chartered accountant
    • Last 3 years’ financial reports
    Property-related documents
    • Property registration receipt
    • Payment receipts
    • Copy of sale agreement
    • Copy of sanction letter and sanctioned plans
    • No Objection Certificate (NOC) from builders
    • Allotment letter
    • Society registration certificate
    • Allotment letter

    LICHFL Home Loan Resource Centre

    1. Can I get insurance against my loans?

      Yes, insurance-linked security is available for the home loan products.

    2. What is the minimum and maximum amount that I can borrow?

      You can get a minimum financing of Rs.1 lakh and get a maximum financing of 85% of the total cost of the property with the home loan schemes.

    3. Is it possible for an unemployed individual to avail financing?

      No, you need to have a regular income to get the loan.

    4. What’s the applicable interest rate?

      The interest rate will vary depending on the scheme you choose. Visit your nearest LICHFL branch or write to them for better clarity on the rates.

    5. Who can apply for the available financing schemes?

      Residents and NRIs having a stable source of income can apply for the loan. Other than that, pensioners can also apply for the scheme that’s designed for pensioners.

    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.

    LIC Housing Home Loan Reviews

    • LIC Housing Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in LIC HOUSING FINANCE before 3 months ago, at the time when taken for a loan amount was sufficient to use as per my requirement for the duration of 20 years. The rate of interest is nominal. The processing fee is applicable and nominal. The customer service is good and supportive.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 10, 2019
    • LIC Housing
      LIC Housing Home Loan
      "Improvement loan "
      0.5 2.0/5 "Expected more"
      I have selected LIC housing loan amount sanction 45 lakhs Tenure 15 year rate of interest is floating charger 8.65%. Documents submitted through executive. there is no delay while disbursal loan amount. Customer service is not good they didn't given clear information about home loan.
      Was this review helpful? 2
      , secunderabad
      Reviewed on Jun 06, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken Home loan through DHFL and then transferred it into LIC Housing Finance ,It was referred by my builder.I have applied for the loan amount of 24lakhs for the tenure of 20 years .The rate of interest and the processing fee was nominal .The loan amount was sufficient and got on time .I have not faced any drawbacks so far.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 03, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My housing loan was taken with LIC housing finance , they have given me sufficient loan amount and the rate of interest they have charged me was nominal , and the processing fee also was charged nominal only, they have not charged any hidden charges there service is good.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Jun 03, 2019
    • LIC Housing Home Loan
      "Good Foreclosure and part payment option"
      0.5 5.0/5 "Blown Away!"
      I closed my LIC housing through foreclosure, there is no charges applicable. They are friendly but I need to walk in directly to their branch, any way the interest was also fine. I took the loan amount of Rs. 26 lakhs for the total duration of 20 years, I closed my loan within three years of tenure. They give call back during interest rate changes, they accept minimal amount and they value the customer in a nice manner.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 03, 2019
    • LIC Housing Home Loan
      "Best home loan provider"
      0.5 4.0/5 "Great!"
      Its one of the best institute for the home loan, my LIC housing loan process was good, the staff were responded well. I availed the loan amount of Rs. 40 lakhs for the duration of 20 years, the interest rate is best around 8.55%. They have very good documentation hence customer can avoid the litigation.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 03, 2019
    • LIC Housing Home Loan
      "Need to improve the service"
      0.5 3.5/5 "Pretty good"
      Previously I had a home loan with LIC Housing Finance, in 2014 Government has changed the interest rate but I did not get any information from LIC or calls from the executive hence have changed my home loan to HDFC LIMITED. I took Flat and in my apartment already some loans are going so there is no much legal verification and without unnecessary charges have done with LIC Housing Finance which was suggested by the dealer. The interest rate is quite nominal.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 02, 2019
    • LIC Housing Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home Loan through LIC Housing Finance which i have directly applied ,The rate of interest and processing fee was floating it was nominal ,I have prathan mantri subsidy got through this loan .I have applied for 10lakhs for the tenure of 15 years.This loan is still on process and the loan amount got on time and not faced any issues so far .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 02, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my housing loan with LIC housing limited, the loan amount which they have given to me was good, it was sufficient for me, the rate of interest they have charged me was nominal, they have charged me minimal processing fee, still this loan is running it has been just one year only .
      Was this review helpful? 1
      , coimbatore
      Reviewed on May 29, 2019
    • LIC Housing Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken holding my housing loan with LIC housing finance long back, they had given me good sufficient loan amount as per my requirement, the rate of interest they have charged me was nominal, so far i did not face any issue, i closed the loan amount my additional charges got waived off.
      Was this review helpful? 2
      , jaipur
      Reviewed on May 25, 2019
    • LIC Housing Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in LIC HOUSING FINANCE for more than 1 year. As per my requirement I received a loan amount for the duration of 20 years. The rate of interest is nominal and the processing fee is applicable. On time the loan got sanctioned from the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2019
    • LIC Housing Home Loan
      "Good loan services"
      0.5 2.0/5 "Expected more"
      LIC home loan service is not so good. The interest rate is low in LIC. They have sanctioned the loan very late. They have broker to sanctioned the loan and the LIC employee don't deal with the customers directly. The brokers will get money from the customer. If the customer applies the loan directly, the LIC people will reject the loan.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 24, 2019
    • LIC Housing Home Loan
      "Percentage should be reduced"
      0.5 3.0/5 "Satisfactory"
      I have housing loan from LIC, as per my experience the interest rate is huge as compared to others. In 2014 I took the loan amount around Rs 30 lakhs, the agent came to my place and completed the documentation process, it would be if they reduce the interest.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 20, 2019
    • LIC Housing Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The experience of applying the home loan with the LIC HOUSING FINANCE is very good and i had a good experience with this bank. i got the loan amount very good also the rate of interest was satisfactory with this loan. I am using from last 2 years the duration for repaying the loan is for 12 years with this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2019
    • LIC Housing Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the home loan with the LIC HOUSING FINANCE since from last 2 years the loan amount given was satisfactory also the documentation process was simple and easy to get the loan with this bank. the rate of interest was nominal which is satisfactory in this loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 19, 2019
    • LIC Housing Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan with the LIC HOUSING FINANCE where using it since fro last 10 years and the duration for repaying the loan is for 15 years. The loan amount was nominal also the rate of interest was nominal as per the market value.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have directly applied with LIC Housing Finance Ltd Home ,rate of interest and the processing fee was nominal .I have applied for the loan amount of 30lakhs for the tenure of 15years ,still the loan is on process .I have got the loan amount sanctioned on time ,it was sufficient ,the agent gave all the information about the housing loan ,started paying and completed 3years so far .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2019
    • LIC Housing Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken LIC Housing Finance Loan before 8to 9 years ,The rate of interest and the processing fee was nominal ,loan amount got on time ,The loan amount was sufficient ,I have submitted documents also .I have directly applied with this LIC housing finance for this loan .The service was good to me .
      Was this review helpful? 1
      , mumbai
      Reviewed on May 13, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my housing loan with LIC housing finances recently, the loan amount was sufficient, the rate of interest they have charged me up to 8.95% which was nominal. The loan process very quickly which happened within a time frame of 20 days they have given me pradhan mantri yojana scheme. The best part is one emi going to get debited within that amount use to get credited in my account.
      Was this review helpful? 6
      , mumbai
      Reviewed on May 13, 2019
    • LIC Housing Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The overall experience with my Home loan from LIC Housing Finance has been pretty good where the process happened on the right time where there hasn't been any delay in any of the stages. The loan amount has been sufficient and the interest rate which they had been making is quite nominal. The customer support executive who assisted me also had been prompt.
      Was this review helpful? 2
      , kolkata
      Reviewed on May 12, 2019
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