How to Download LIC Housing Finance Home Loan Statement?

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If you have a home loan with the LIC Housing Finance, downloading the home loan statement is a straightforward process that can be completed online, saving you time and effort.

How to Download LIC Housing Finance Home Loan Statement for Income Tax Online?

Checking your Bank of India home loan statement online is quick and convenient. With just a few steps, you can access your statement anytime through Internet Banking.

Time needed: 5 minutes

Here are the easy steps to view and download your LIC HFL home loan statement:

Visit the offical website of LIC Housing Finance.
On the dash board, under “Customer Login” click on “home loans”
Log in using your username and password. Alternatively, you can log in with 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.

How to Get LIC Housing Finance Home Loan Statement Offline?

If you need to check your home loan balance or obtain a provisional statement offline, follow these steps:

Visit the nearest LIC Housing Finance branch.
Request a home loan statement application form from the representative.
Fill out the form with the required details accurately.
Submit the completed form to the concerned branch official.
The statement will be provided at the branch or sent to your registered postal address.

Check Out: LIC Housing Finance Home Loan EMI Calculator

Key Details Included in Your Home Loan Statement

Your Bank of India home loan statement serves as an essential financial document, especially for income tax filing and tracking your loan progress. Here are the key details typically included in the statement:

Loan Account Number
A unique identifier for your home loan account.
Borrower Details
Name, contact information, and co-applicant details (if any).
Property Information
Basic details of the property against which the loan was sanctioned.
Disbursement Summary
Information on the total loan amount sanctioned, amount disbursed, and disbursement dates.
Repayment Schedule
EMI start date, tenure, monthly EMI amount, and due dates.
Interest and Principal Breakdown
A monthly or annual summary showing how much of your EMI goes towards interest and how much reduces the principal — crucial for income tax claims under Sections 24(b) and 80C.
Outstanding Loan Balance
The remaining balance of your loan as of the statement date.
Prepayment Details (if any)
Records of any additional payments made towards the loan, outside of regular EMIs.

How to Use Your Home Loan Statement for Tax Benefit Claims?

Your home loan statement is a crucial document for availing tax benefits on both the interest and principal components of your loan. Here’s how you can use it effectively during tax season:

Download Your Home Loan Statement
Ensure you have the latest home loan statement that covers the entire financial year. It will contain a detailed breakup of principal and interest paid.
Understand the Tax Deduction Sections
- Section 80C: You can claim a deduction of up to ₹1.5 lakh per year on the principal portion of your EMI.
- Section 24(b): Allows you to claim up to ₹2 lakh per year on the interest paid for a self-occupied property.
Review the Interest and Principal Split
The statement will show month-wise or yearly totals of how much EMI was paid toward interest and how much went toward principal repayment. Use these figures for your tax return.
Submit to Employer (For Salaried Individuals)
If you’re a salaried employee, submit the statement to your HR or payroll department along with any other required documents so they can adjust your TDS accordingly.
File Income Tax Return (ITR)
While filing your ITR:
- Enter the principal repaid under Section 80C.
- Enter the interest paid under Section 24(b). Make sure the amounts match what’s reflected in your home loan statement.
Keep a Copy for Records
Always keep a copy of the statement and any related documents safely stored in case of future audits or queries from the Income Tax Department.

Check Out: Home Loan Tax Savings Calculator

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Troubleshooting Bank of India Home Loan Statement Issues

If you’re experiencing issues with your Bank of India (BOI) home loan statements or tax certificates, here’s a guide to help you address and resolve these problems effectively.

Common Problems When Downloading Bank of India Loan Statements

If you’re facing trouble accessing or downloading your Bank of India home loan statement, here are some common issues and how to deal with them:

Login Issues
Users often face problems logging into the BOI mobile app or net banking. Double-check your user ID and password. If you’ve forgotten your credentials, use the “Forgot Password” option to reset them.
Statement Not Showing
Sometimes the home loan statement may not be visible due to system updates or downtime. Try checking again after a while. If the problem continues, you might need to contact customer support or visit your nearest branch.
App or Site Glitches
Outdated app versions or browser cache can cause functionality issues. Update the app to the latest version or try accessing the statement through a different browser or device.
Incomplete Statement
If the statement doesn’t show the full financial year or is missing some details, manually select the correct date range before generating the statement.

What to Do If Your Tax Certificate Is Incorrect

If you notice any errors in your home loan tax certificate, such as incorrect interest or principal figures, follow these steps:

Cross-Verify Information
Compare the certificate with your loan repayment history and EMI schedule to identify what’s inaccurate.
Collect Supporting Documents
Gather previous statements, payment receipts, and any communication with the bank that supports your correction request.
Contact Customer Support
Reach out to BOI’s customer care through their helpline or email. Clearly explain the issue and attach scanned copies of your supporting documents, if possible.
Visit the Branch
If you’re unable to resolve the issue remotely, visit your loan branch in person with the necessary paperwork. Speaking directly with a loan officer can often speed up the resolution.
Request a Revised Certificate
Once the error is acknowledged, ask for a corrected tax certificate to be issued, ideally well before the income tax filing deadline.

Also Read: How to Check LIC Home Loan Status Online?

To log in to the LIC Housing Finance Limited (LIC HFL) Home Loans portal, follow these steps:

For Existing Users:

Visit the LIC HFL Customer Portal: Go to the official LIC HFL website.
Click on “Customer Portal Login”: This option is usually located at the top right corner of the page.
Enter Your Credentials: Input your username and password in the respective fields.
Complete Security Verification: Enter the security code displayed on the screen.
Click on “Login”: Once all details are entered, click the “Login” button to access your account.

For New Users or Those Without a Username:

Visit the LIC HFL Customer Portal: Go to the official LIC HFL website.
Click on “Register”: If you haven’t registered yet, click on the “Register” option.
Enter Required Details: Fill in your loan number, sanctioned amount, date of birth, and security code.
Create Username and Password: Choose a username and password, and enter the provided security code.
Verify Mobile Number: Enter your mobile number and click “Confirm and Send.”
Enter Verification Code: Enter the OTP sent to your mobile and submit.
Login Credentials: Your login credentials will be sent via email or SMS.

Using Loan/Application Number:

Visit the LIC HFL Customer Portal.
Select “Login with Loan/App No.”.
Enter Loan/Application Number and Date of Birth: Input these details along with the security code displayed.
Click on “Submit” to access your account.

If you encounter any issues during login, ensure your credentials are correct, use the “Forgot Password” or “Forgot Username” options if needed, and contact customer support if problems persist.

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Conclusion

If you have further doubts or questions along the way, don’t hesitate to contact Credit Dharma experts. Our dedicated team is here to assist you and provide guidance tailored to your specific needs. Feel free to reach out for personalized support on any aspect of your Bank of India home loan journey.

Frequently Asked Questions

How is the LIC home loan statement beneficial for income tax?

The LIC home loan statement provides a detailed breakdown of the principal and interest components of your repayments. This information is crucial for claiming tax deductions:
Section 80C: Allows deduction on the principal repayment up to ₹1.5 lakh.
Section 24(b): Permits deduction on the interest paid up to ₹2 lakh for self-occupied properties.

Can I download my LIC home loan statement as a PDF?

Yes, after logging into the LIC HFL Customer Portal, you can download your home loan statement in PDF format. Navigate to the ‘Repayment Certificate’ or ‘Loan Status Report’ section, select the relevant financial year, and download the statement.

Can I get my LIC home loan yearly statement online?

Yes, you can obtain your yearly home loan statement online through the LIC HFL Customer Portal by accessing the ‘Repayment Certificate’ section and selecting the appropriate financial year.

What details do I need to download my LIC home loan statement?

To download your statement, you’ll need:
Your loan account number.
Date of birth (as per records).
Registered email ID (for account activation and communications).

What should I do if my LIC home loan statement is not showing online?

If you’re unable to access your statement online:
Verify Credentials: Ensure you’re using the correct login details.
Check Account Status: Confirm that your loan account is active and there are no discrepancies.
Contact Customer Support: Reach out to LIC HFL customer care for assistance.
Visit a Branch: For immediate concerns, visit the nearest LIC HFL branch for support.