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

    Specifically designed for Non-Resident Indians (NRIs), with LIC HFL NRI Home Loan you can purchase a property in India while living overseas. You can get a minimum financing of Rs.1 lakh with this scheme. Exclusively for salaried individuals having NRI or PIO (Persons of Indian Origin) status, you can use this facility for construction or purchase of house, property repairs/renovation, property extension, or plot purchase. You can enjoy a tenure of up to 20 years with the LIC NRI Home Loan.

    Interest Rates for LIC NRI Home Loan

    Interest Rates 6.66% p.a. to 7.90% p.a.
    Loan Tenure
    • For salaried: 30 years
    • For self-employed: 20 years
    Loan Amount Minimum of Rs.1 lakh
    Processing Fees
    • Loans of up to Rs.50 lakh: Rs.10,000 + GST*
    • Loans of Rs.50 lakh to Rs.3 crore: Rs.15,000 + GST*

    *GST = Goods and Services Tax

    Additional Fees and Charges

    CERSAI Charges
    • Loans of up to Rs.5 lakh: Rs.250 + GST
    • Loans above Rs.5 lakh: Rs.500 + GST
    Conversion Fees
    • Loans of up to Rs.75 lakh: Rs.1,000 + GST
    • Loans above Rs.75 lakh and up to Rs.3 crore: Rs.2,500 + GST
    Cheque Bouncing Charges Rs.350
    Document Retrieval Charges Rs.2,500 + GST
    Photocopies of Title Documents Rs.1,000 + GST
    Providing List of Documents Rs.500 + GST
    Late EMI Payment Penalties Up to 2% per month on the defaulted amount

    Eligibility Criteria for LIC NRI Home Loan

    Age 23 years to 65 years
    Nationality NRI/PIO
    Type of Employment Salaried

    Features of LIC HFL NRI Home Loan

    • Financing of up to 85% of the total cost of the property.
    • Loan can be used for a variety of property-related purposes, including renovation and extension of property.
    • Loan tenure of up to 30 years.
    • Repayment mode – Equated Monthly Instalments (EMI) on a monthly rest basis.

    So, if you are living abroad and contemplating to purchase a property in India, you could consider this scheme. Also, it’s not necessary that you have to use the amount for purchasing a property. This loan can also be used to renovate or add space to your existing home in India.


    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.

    This Page is BLOCKED as it is using Iframes.