Eligibility Criteria for LIC HFL Home Loan

Criteria	Salaried Applicants	Self-employed Applicants
Age Range	21 to 60 years	21 to 65 years
Nationality	Indian/NRI	Indian/NRI
Minimum Monthly Income	Rs 40,000	Rs 30,000
Maximum Age at Final Repayment	60 years	65 years
Minimum Employment History	2 Years	3 Years

Additional Eligibility Criteria:

• Indian residents and Non-Resident Indians (NRIs) aged 21 to 65 years.
• Co-applicants should also be between 21 to 65 years.

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LIC HFL Home Loan Interest Rates

Interest rates significantly impact the cost of a home loan. LIC HFL offers both fixed and floating interest rate options, allowing borrowers to choose what suits them best:

Regular Home Loan (Salaried)

Credit Score	Up to 2 Cr. (p.a.)	2 Cr. to 15 Cr. (p.a.)
800 and Above	8.50% onwards	8.75% onwards
775 to 779	8.60% onwards	8.75% onwards
750 to 774	8.65% onwards	8.80% onwards
700 to 749	8.75% onwards	8.95% onwards
600 to 699	9.55%	9.90% onwards
200 to 600	10% onwards	10.40% onwards
150 to 200	8.75% onwards	Not eligible
101 to 150	9.25% onwards	Not eligible

Regular Home Loan (Non Salaried)

Credit Score	Up to 2 Cr. (p.a.)	2 Cr. to 15 Cr. (p.a.)
800 and Above	8.75% onwards	9.00% onwards
775 to 799	8.85% onwards	9.00% onwards
750 to 774	8.90% onwards	9.05% onwards
700 to 749	9.15% onwards	9.30% onwards
600 to 699	9.65% onwards	10% onwards
200 to 600	10.10% onwards	10.50% onwards
150 to 200	8.85% onwards	Not eligible
101 to 150	9.35% onwards	Not eligible

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LIC HFL Home Loan Processing Fee and Charges

Processing Fees

Loan Slab	Processing Fee
Up to Rs. 1 crore	0.25% of loan amount (max Rs 15,000)
Above Rs. 1 crore and up to Rs. 2 crore	Rs 20,000
Above Rs. 2 crore and up to Rs. 5 crore	Rs 25,000
Above Rs. 5 crore and up to Rs. 15 crore	Rs 50,000
*Minimum Processing Fees	Rs 5,000

Other Charges on Home Loans

Service	Charges
Prepayment Charges	Floating and fixed rates: NIL if paid through own funds 2% on prepaid loan amount if paid through other sources
Penal Charges	Up to 12 months: 1.50% per month Beyond 12 months: 1.75% per month
Document retrieval charges	Rs 2,500
Providing document list	Rs 500
Photocopies of title documents	Rs 1,000
Cheque bounce charges	Rs 350
ECS/NACH dishonor charges	Rs 200

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Documents Required for LIC HFL Home Loan

Before applying, it’s important to gather all the necessary documents to ensure a smooth application process. LIC HFL requires the following key documents:

Identity Documents

Document Name	Salaried Applicants	Self-employed Applicants	HUF Applicants
Aadhaar Card	✔	✔	✔
Voter ID Card	✔	✔	✔
PAN Card	✔	✔	✔
Driving License	✔	✔	✔
Passport (mandatory for NRIs)	✔	✔	✔
Passport-sized Photographs	✔	✔	✔

Income Documents

Document Name	Salaried Applicants	Self-employed Applicants	HUF Applicants
Last 3 month’s Salary Slips	✔	✖	✖
Last 6 months’ Bank Statements	✔	✔	✔
Latest Form-16 and IT returns	✔	✖	✖
Income Tax Returns (last 3 years)	✖	✔	✔
Balance Sheet and P&L A/c Statements (last 3 years, attested by a CA)	✖	✔	✔
Proof of business existence	✖	✔	✔

Other Documents

Document Name	Salaried Applicants	Self-employed Applicants	HUF Applicants
Duly signed application form	✔	✔	✔
Job confirmation proof	✔	✖	✖
Proof of ownership of property	✔	✔	✔
Allotment letter from society if flat/apartment	✔	✔	✔
Up to date tax paid receipt	✔	✔	✔
Cheque for processing fee favoring LIC HFL	✔	✔	✔
Business Profile	✖	✔	✔
Latest Form 26 AS	✖	✔	✔
Partnership deed (if partnership firm)	✖	✔	✔
Details of ongoing loans	✔	✔	✔

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LIC HFL Home Loan Schemes and Top Plans

Comparison

Details

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How to Apply for LIC Home Loan?

Applying for an LIC Home Loan is a simple and straightforward process designed to help you secure financing for your dream home.

1. Visit the official website of LIC Housing Finance
2. Click on “Apply for Home Loan”
3. “Home Loan Enquiry” page opens
4. Fill in the required details
5. Click on “Submit”

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How to Track LIC Home Loan Application Status?

Tracking your LIC home loan application status is straightforward and helps you stay updated on your loan approval process.

1. Visit the official website of LIC HFL Customer Portal.
2. Go to the “Home Loans” section and select “Online Loan Application.”
3. Click on “Track Application,” enter your application number, and hit “Submit.”
4. Your home loan application status will appear on the screen.

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How to Download LIC HFL Home Loan Statement?

Downloading your LIC HFL home loan statement is quick and easy, allowing you to access your loan details and track your payments online.

• Go to the official LIC HFL website
• Click on the “Customer Login” option in the top right corner.
• Under the Customer Login section, select “Home Loans.”
• Log in with your username and password, or use your loan application number and date of birth.
• Enter the OTP sent to your registered email address and mobile number.
• Your home loan account details will appear on the screen.
• Navigate to the “Activities” tab and choose “Repay Certificate.”
• Select your loan number and financial year, then click “Submit.”
• The home loan certificate, showing your loan repayment information, will be displayed.
• You can print or download the certificate for your records.

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LIC HFL Customer Care

To facilitate effective communication with customers, in addition, LIC Housing Finance offers various channels for customer support.

Service	Details
Email ID	customersupport@lichousing.com
Home Loan Enquiry through WhatsApp	+91-8369998182
Online form for registering enquiry/complaint/feedback	Register your compaint
Official Address	LIC Housing Finance Limited Corporate Office 131, Maker Tower-F Premises, 13th Floor, Cuffe Parade, Mumbai, Maharashtra – 400 005 Ph: 912222178600
Website	www.lichousing.com

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Comparison

You can also explore and compare home loan rates from various banks here. For a detailed comparison of top banks, visit our Compare Banks page.

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.5% p.a. onwards	8.5% p.a. onwards	8.5% p.a. onwards
HDFC Bank	8.7% p.a. onwards	8.7% p.a. onwards	8.7% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Punjab National Bank	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.
Bank of India	8.4% p.a onwards	8.4% p.a onwards	8.4% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards