Home is where milestones happen: first steps, festival lights, late-night study sessions. LIC Housing Finance Griha Suvidha exists so none of those moments stay on hold. Traditional lenders may measure only your salary or years left to retire; LIC measures your determination.
Backed by a robust mortgage guarantee, our loan welcomes single-earning families, gig-economy professionals, senior citizens, and everyone in between. Application forms are simple, documentation is minimal, and our digital portals keep you updated at each turn. The result? You focus on floor plans and paint swatches while we handle the numbers.
LIC Housing Finance Griha Suvidha Home Loan Highlights
| Aspects | Highlights |
|---|---|
| Interest Rates | 8.25% p.a. onwards |
| Maximum Loan Tenure | 30 years |
| Loan Amount | ₹10 Lakh – ₹2 Crore |
| Processing Fees | Up to 0.50% of the loan amount + applicable GST |
Suggested Read: Loan Against LIC Policy
LIC Housing Finance Griha Suvidha Home Loan Interest Rates 2025
Curious what your CIBIL score can do for you? Slide down to see how a few extra points could shave your rate and fatten your smile.
| CIBIL Score | Loan Slab | Salaried | Non-Salaried |
|---|---|---|---|
| ≥ 800 | More than 10 Lakh & up to 3 Crore | 8.25 % p.a. | 8.50 % p.a. |
| 775 – 799 | More than 10 Lakh & up to 50 Lakh | 8.35 % p.a. | 8.60 % p.a. |
| More than 50 Lakh & up to 2 Crore | 8.40 % p.a. | 8.65 % p.a. | |
| More than 2 Crore & up to 3 Crore | 8.50 % p.a. | 8.75 % p.a. | |
| 750 – 774 | More than 10 Lakh & up to 50 Lakh | 8.40 % p.a. | 8.65 % p.a. |
| More than 50 Lakh & up to 2 Crore | 8.45 % p.a. | 8.70 % p.a. | |
| More than 2 Crore & up to 3 Crore | 8.55 % p.a. | 8.80 % p.a. | |
| 725 – 749 | More than 10 Lakh & up to 50 Lakh | 8.55 % p.a. | 8.80 % p.a. |
| More than 50 Lakh & up to 2 Crore | 8.60 % p.a. | 8.85 % p.a. | |
| More than 2 Crore & up to 3 Crore | 8.70 % p.a. | 8.95 % p.a. | |
| 700 – 724 | More than 10 Lakh & up to 50 Lakh | 8.90 % p.a. | 9.15 % p.a. |
| More than 50 Lakh & up to 2 Crore | 8.95 % p.a. | 9.20 % p.a. | |
| More than 2 Crore & up to 3 Crore | 9.05 % p.a. | 9.30 % p.a. | |
| 600 – 699 | More than 10 Lakh & up to 50 Lakh | 9.55 % p.a. | 9.65 % p.a. |
| More than 50 Lakh & up to 2 Crore | 9.75 % p.a. | 9.85 % p.a. | |
| More than 2 Crore & up to 3 Crore | 9.90 % p.a. | 10.00 % p.a. | |
| < 600 | More than 10 Lakh & up to 50 Lakh | 10.00 % p.a. | 10.10 % p.a. |
| More than 50 Lakh & up to 2 Crore | 10.20 % p.a. | 10.30 % p.a. | |
| More than 2 Crore & up to 3 Crore | 10.40 % p.a. | 10.50 % p.a. | |
| 150 ≤ CIBIL ≤ 200 | More than 10 Lakh & up to 2 Crore | 8.75 % p.a. | 8.85 % p.a. |
| 101 ≤ CIBIL < 150 | More than 10 Lakh & up to 2 Crore | 9.25 % p.a. | 9.35 % p.a. |
Suggested Read: LIC Housing Finance All Products Home Loan Interest Rates
LIC Housing Finance Griha Suvidha Home Loan Eligibility Criteria
| Borrower Segment | Key Eligibility Criteria | Loan-Term Rules | Special Notes |
|---|---|---|---|
| Applicants whose Salary includes a Cash Component | • ≥ 70 % of total salary must be credited through a bank account. • Cash portions such as OT, incentives, bonus, vehicle charges or reimbursements (not part of CTC / Form 16) may be counted, but only up to 30 % of total income. | • Tenure capped at the retirement age of the senior income-considered applicant. | • Maximum two cash-salaried borrowers can be co-applicants. • Gross income counted for eligibility is capped at ₹30,000 p.m. (single borrower) or ₹40,000 p.m. (combined, if there is more than one cash-salaried borrower). |
| Salaried Employees with No Pension (Near-Retirement) | • Available to salaried applicants who will not receive a pension. | • Term may run beyond retirement, provided the entire outstanding is cleared by the retirement date. • Tenure can be stretched up to 10 years post-retirement (e.g., retire at 58 → term up to age 68), subject to an overall cap of 30 years. | • Maximum age at loan application: 50 years. |
| Self-Employed Applicants seeking an Extended Term | – | • Repayment may continue beyond 70 years and up to 75 years of the senior applicant. • Maximum tenure: 30 years. | • All such loans must be Mortgage-Guaranteed by IMGC; a one-time premium is payable by the borrower. |
Suggested Read: LIC Housing Finance Home Loan Login
LIC Housing Finance Griha Suvidha Home Loan Processing Fees
The processing fee for the LIC Housing Finance Griha Suvidha Home Loan is up to 0.50% of the loan amount, plus applicable GST. This fee is charged at the time of application and is non-refundable. The exact amount may vary based on the loan size and other factors as determined by the lender.
LIC Housing Finance Griha Suvidha Home Loan Other Fees and Charges
When securing a home loan from LIC Housing Finance, it’s important to account for various fees beyond the basic processing charges. Here’s an updated and accurate summary of the potential additional costs:
| Charge Type | Amount/Rate |
|---|---|
| Statutory Charges | Rs. 250 – Rs. 1,000 |
| Check Bounce Charges | Rs. 350 |
| Document Retrieval Charges | Rs. 2,500 |
| ECS Dishonour Charges | Rs. 200 |
| Charges for Providing Document List | Rs. 500 |
| Late EMI Payment Charges | 1.5% – 2% per month on overdue amount |
| Charges for Photocopies of Title Documents | Rs. 1,000 |
| Prepayment Charges | Applicable if you repay the loan before tenure (varies by loan type) |
| Foreclosure Charges | Charges for closing the loan before the tenure ends |
| Loan Conversion Fees | Charges for switching to a lower interest rate |
| Stamp Duty & Documentation Charges | Fees vary based on state laws and property value |
Prepayment and Foreclosure Charges
For those considering making early payments towards their LIC home loan, the prepayment charges are structured based on the source of funds used for the prepayment:
| Payment Source | Prepayment Charge |
|---|---|
| Own Funds | No charge |
| Other Sources | 2% on the prepaid loan amount |
Suggested Read: Home Loan Prepayment vs. Investment
LIC Housing Finance Griha Suvidha Home Loan Documents Required
Documents form the foundation of your LIC Housing Finance home loan application. These essential papers verify your identity, employment status, and residential address, ensuring that all applicants meet the basic eligibility criteria set by LIC.
General Documents
| Category | Documents Required |
|---|---|
| Proof of Identity | PAN Card/ Driver’s License / Voter ID / Passport / Aadhar Card |
| Proof of Address | Driver’s License / Ration Card / Voter ID / Passport / Aadhar Card / Registered Rent Agreement |
Proof of Income Documents
| Salaried | Self Employed |
|---|---|
| Last 6 months’ Salary Slips | Last 3 Years ITR with Computation of Income |
| 1 Year ITR/Form 16 | Profit & Loss Account |
| 6 months bank account statement (salary account or individual account). | Balance Sheet |
| Capital Account Statement | |
| Bank account statement for the last 12 months (for individual or business). | |
| Business proof |
Property Documents
| Documents Required |
|---|
| Proof of Ownership |
| Property Allotment Letter |
| Tax Certificates |
Suggested Read: What to do if Your Lose Property Documents?
How to Apply for LIC Housing Finance Griha Suvidha Home Loan?
Click, fill, upload, submit—four simple steps stand between you and your very own set of keys.
- Go to the official LIC Housing Finance website.
- Navigate to Home Loans > Griha Suvidha Home Loan .
- Click Apply Now.
- Enter your name, mobile number, property location, and preferred office area, then click on “Get Started.”
- Complete the application form with accurate personal, financial, and property details .
- Upload all required supporting documents .
- Review all information and documents carefully, then submit the application.
- Upon successful submission, you will receive an acknowledgment or reference number .
Suggested Read: Check LIC Housing Finance Home Loan Application Status
Compare Top Banks Home Loan Interest Rates
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% 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%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Conclusion
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. At Credit Dharma, we make this possible by offering lowest guaranteed interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.
But that is not it. We offer:
- Guaranteed up to 100% funding
- Receive lifetime assistance and expert guidance long after your loan is approved.
- Enjoy a fully digital process with minimal paperwork
Frequently Asked Questions
Your interest rate depends on your CIBIL score and loan slab. For example, a CIBIL score of 800+ qualifies for the lowest rate of 8.25% p.a., while lower scores attract slightly higher rates. Salaried and non-salaried applicants also have different rate brackets.
The processing fee is up to 0.50% of the loan amount + GST , non-refundable even if your application is rejected. The exact fee depends on your loan size and other factors set by LIC.
Yes, for near-retirement salaried applicants without pensions, the term can extend 10 years post-retirement (e.g., retire at 58, repay until 68), provided the loan is cleared by retirement.
After submitting documents, LIC verifies them and assesses creditworthiness. Approval timelines vary but typically take 7–15 working days , depending on verification and site visits.
A late fee of 1.5–2% per month is charged on overdue amounts. Repeated defaults may impact your credit score and attract additional penalties.
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