LIC Housing Finance understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment. By financing up to 90% of your property’s cost at competitive rates starting at 8.50% p.a., LIC provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
LIC Housing Finance Home Loan Interest Rates by Employment
Home loan interest rates are based on whether you’re salaried, self-employed, or have a professional practice.
Below is a quick look at how your employment type can influence your rate.
LIC Housing Finance Home Loan Interest Rates for Salaried Employees
| CIBIL Score | Home Loan Interest Rates |
|---|---|
| 800 + | 8.50% p.a. – 8.75% p.a. |
| 775 – 799 | 8.60% p.a. – 8.75% p.a. |
| 750 – 774 | 8.65% p.a. – 8.80% p.a. |
| 725 – 729 | 8.65% p.a. – 8.80% p.a. |
| 700 – 724 | 8.90% p.a. – 9.05% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. |
| Less than 600 | 10.00% p.a. – 10.40% p.a. |
| 150 -200 | 8.75% p.a. |
| 199 – 149 | 9.25% p.a. |
LIC Housing Finance Home Loan Interest Rates for Self-Employed
| CIBIL Score | Home Loan Interest Rates |
|---|---|
| 800 + | 8.75% p.a. – 9.00% p.a. |
| 775 – 799 | 8.85% p.a. – 9.00% p.a. |
| 750 – 774 | 8.90% p.a. – 8.95% p.a. |
| 725 – 729 | 8.90% p.a. – 8.95% p.a. |
| 700 – 724 | 9.15% p.a. – 9.30% p.a. |
| 600 – 699 | 9.65% p.a. – 10.00% p.a. |
| Less than 600 | 10.10% p.a. – 10.50% p.a. |
Data Source: Check LIC Home Loan for all details on their official website.
LIC Housing Finance All Schemes Home Loan Interest Rates
LIC Housing Finance offers multiple home loan schemes, each with its interest rate structure and features. Here’s an overview of the current rates for various LIC Housing Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Purchase Loan | 8.50% p.a. – 10.40% p.a. |
| Griha Suvidha Home Loan | 8.75% p.a. – 10.65% p.a. |
| Home Loan for Pensioners | 8.50% p.a. – 10.40% p.a. |
| Home Renovation Loan | 8.65% p.a. – 10.40% p.a. |
| Home Extension Loan | 8.65% p.a. – 10.40% p.a. |
| Plot Loan | 8.70% p.a. – 10.10% p.a. |
| Home Construction Loan | 8.65% p.a. – 10.40% p.a. |
| Home Loan for NRI | 8.65% p.a. – 10.40% p.a. |
| Home Loan Balance Transfer | 8.65% p.a. – 10.40% p.a. |
| Advantage Plus | 8.65% p.a. – 10.40% p.a. |
| Home Loan Top Up | 9.70% p.a. – 11.55% p.a. |
All Schemes Offered by LIC Housing Finance: A Detailed Overview
LIC Housing Finance has a range of home loan schemes catering to diverse needs, from ready-to-move properties to under-construction projects. Read on to find the best fit for your housing requirements.
LIC Housing Finance Griha Suvidha Home Loan Interest Rates
Key highlights of Griha Suvidha loan from LIC Housing Finance:
- Designed to help more individuals purchase their own homes
- No age restrictions
- No income type restrictions
- Supported by a mortgage guarantee for extra security
- Accessible to families who may not qualify for other loans
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | 8.75% p.a. onwards | 9.00% p.a. |
| 775 – 799 | 8.85% p.a. – 9.00% p.a. | 9.10% p.a. – 9.25% p.a. |
| 750 – 774 | 8.90% p.a. – 9.05% p.a. | 9.15% p.a. – 9.30% p.a. |
| 725 – 749 | 9.05% p.a. – 9.20% p.a. | 9.30% p.a. – 9.45% p.a. |
| 700 – 724 | 9.15% p.a. – 9.30% p.a. | 9.40% p.a. – 9.55% p.a. |
| 600 – 699 | 9.80% p.a. – 10.15% p.a. | 9.90% p.a. – 10.25% p.a. |
| < 600 | 10.25% p.a. – 10.65% p.a. | 10.35% p.a. – 10.75% p.a. |
| 150 – 200 | 9.00% p.a. onwards | 9.10% p.a. onwards |
| 100 – 150 | 9.50% p.a. onwards | 9.60% p.a. onwards |
| Sure Fixed Scheme | – | – |
LIC Housing Finance Home Loan for Pensioners Interest Rates
Key highlights of pensioner home loans from LIC Housing Finance:
- Tailored for pensioners and salaried individuals
- Flexible loan terms up to 30 years or until age 80, whichever is earlier
- Requires a joint applicant spouse, regardless of property ownership
- Children can join as co-applicants to extend loan terms and increase eligible amounts
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | 8.50% p.a. – 8.75% p.a. | 8.75% p.a. – 9.00% p.a. |
| 775 – 799 | 8.60% p.a. – 8.75% p.a. | 8.85% p.a. – 9.00% p.a. |
| 750 – 774 | 8.65% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 725 – 749 | – | – |
| 700 – 724 | 8.90% p.a. – 9.05% p.a. | 9.15% p.a. – 9.30% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. | 9.65% p.a. – 10.00% p.a. |
| < 600 | 10.00% p.a. – 10.40% p.a. | 10.10% p.a. – 10.50% p.a. |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | – |
LIC Housing Finance Home Renovation Loan Interest Rates
Key highlights of home renovation loans from LIC Housing Finance:
- Available for both new and existing customers
- Facilitates home renovation and improvement projects
- Features quick sanction, low EMIs, and competitive interest rates
- Simplified documentation process
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | – | – |
| 775 – 799 | – | – |
| 750 – 774 | 8.65% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 725 – 749 | – | – |
| 700 – 724 | 8.90% p.a. – 9.05% p.a. | 9.15% p.a. – 9.30% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. | 9.65% p.a. – 10.00% p.a. |
| < 600 | 10.00% p.a. – 10.40% p.a. | 10.10% p.a. – 10.50% p.a. |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | – |
LIC Housing Finance Home Loan Top-Up Interest Rates
Key highlights of top-up loans from LIC Housing Finance:
- Allows increase of existing home loan amounts
- Available to current customers and those switching to LIC Housing Finance
- Fast approval process with affordable monthly payments
- Minimal paperwork required
- Loan amount based on repayment capacity, LTV, and outstanding loan
| CIBIL Score | Interest Rates |
|---|---|
| >= 750 | 9.70% p.a. onwards |
| 750 – 700 | 10.30% p.a. onwards |
| 700 – 600 | 11.55% p.a. onwards |
LIC Housing Finance Home Extension Loan Interest Rates
Key highlights of home extension loan from LIC Housing Finance:
- Supports expansion of living spaces
- Accessible to both new and existing customers
- Offers quick sanction, low EMIs, and competitive interest rates
- Easy and straightforward documentation
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | – | – |
| 775 – 799 | – | – |
| 750 – 774 | 8.70% p.a. – 8.95% p.a. | 8.95% p.a. – 9.20% p.a. |
| 725 – 749 | – | 9.25% p.a. – 9.40% p.a. |
| 700 – 724 | 8.90% p.a. – 9.05% p.a. | 9.35% p.a. – 9.50% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. | 9.85% p.a. – 10.20% p.a. |
| < 600 | 10.00% p.a. – 10.40% p.a. | – |
| 150 – 200 | 8.75% p.a. onwards | 9.05% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.55% p.a. onwards |
| Sure Fixed Scheme | – | – |
LIC Housing Finance Plot Loan Interest Rates
Key highlights of plot loans from LIC Housing Finance:
- Enables purchase of residential plots for building dream homes
- Competitive interest rates and a simple application process
- Types of Plot Loans:
- Plot Loan
- For purchasing residential plots from government bodies, authorities, or approved layouts
- Maximum loan amount up to 75% of property value
- Tenure up to 15 years
- Composite Loan
- For purchasing a plot and constructing a house within 3 years
- Maximum loan amount as per eligibility criteria
- Tenure up to 30 years
- Plot Loan
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | 8.70% p.a. – 8.95% p.a. | 8.95% p.a. – 9.20% p.a. |
| 775 – 799 | 8.80% p.a. – 8.95% p.a. | 9.05% p.a. – 9.20% p.a. |
| 750 – 774 | 8.85% p.a. – 9.00% p.a. | 9.10% p.a. – 9.25% p.a. |
| 725 – 749 | 9.00% p.a. – 9.15% p.a. | 9.25% p.a. – 9.40% p.a. |
| 700 – 724 | 9.10% p.a. – 9.25% p.a. | 9.35% p.a. – 9.50% p.a. |
| 600 – 699 | 9.75% p.a. – 10.10% p.a. | 9.85% p.a. – 10.20% p.a. |
| < 600 | – | – |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | 10.00% p.a. – 10.25% p.a. |
LIC Housing Finance Home Construction Loan Interest Rates
Key highlights of home construction loans from LIC Housing Finance:
- Finances the construction of new homes
- Features online sanction facility and quick approval
- Offers low EMIs and competitive interest rates
- Simple documentation process
- Available to both existing and new customers
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | – | – |
| 775 – 799 | – | – |
| 750 – 774 | 8.65% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 725 – 749 | – | – |
| 700 – 724 | 8.90% p.a. – 9.05% p.a. | 9.15% p.a. – 9.30% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. | 9.65% p.a. – 10.00% p.a. |
| < 600 | – | – |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | – | – |
LIC Housing Finance Home Loan for NRIs Interest Rates
Key highlights of NRI loans from LIC Housing Finance:
- Designed for Non-Resident Indians to purchase, construct, or renovate properties in India
- Competitive interest rates with no prepayment penalty
- Customizable loan options based on eligibility
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
| ≥ 800 | 8.50% p.a. – 8.75% p.a. | 8.75% p.a. – 9.00% p.a. |
| 775 – 799 | 8.80% p.a. – 8.95% p.a. | 9.05% p.a. – 9.20% p.a. |
| 750 – 774 | 8.85% p.a. – 9.00% p.a. | 9.10% p.a. – 9.25% p.a. |
| 725 – 749 | – | 9.25% p.a. – 9.40% p.a. |
| 700 – 724 | 9.10% p.a. – 9.25% p.a. | 9.35% p.a. – 9.50% p.a. |
| 600 – 699 | 9.55% p.a. – 9.90% p.a. | 9.85% p.a. – 10.20% p.a. |
| < 600 | 10.00% p.a. – 10.40% p.a. | 10.10% p.a. – 10.50% p.a. |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | 10.00% p.a. – 10.25% p.a. |
LIC Housing Finance Home Loan Balance Transfer Interest Rates
Key highlights of loan balance transfers to LIC Housing Finance:
- Provides hassle-free transfer of existing home loans to LIC Housing Finance
- Offers lower interest rates and affordable EMIs
- Option to avail of a top-up loan for additional financial flexibility
- Competitive rates available
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | 8.50% p.a. – 8.75% p.a. | 8.75% p.a. – 9.00% p.a. |
| 775 – 799 | 8.80% p.a. – 8.95% p.a. | 9.05% p.a. – 9.20% p.a. |
| 750 – 774 | 8.85% p.a. – 9.00% p.a. | 9.10% p.a. – 9.25% p.a. |
| 725 – 749 | 9.00% p.a. – 9.15% p.a. | 9.25% p.a. – 9.40% p.a. |
| 700 – 724 | 9.10% p.a. – 9.25% p.a. | 9.35% p.a. – 9.50% p.a. |
| 600 – 699 | 9.75% p.a. – 10.10% p.a. | 9.85% p.a. – 10.20% p.a. |
| < 600 | – | – |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | 10.00% p.a. – 10.25% p.a. |
LIC Housing Finance Home Loan Advantage Plus Interest Rates
Key highlights of the Advantage Plus loan from LIC Housing Finance:
- Allows existing home loan borrowers to transfer loans from other banks and housing finance companies
- Benefits from lower interest rates
- Maximum loan amount up to ₹10 crore
| CIBIL Score Range | Salaried Interest Rate | Self-Employed Interest Rate |
|---|---|---|
| ≥ 800 | 8.75% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 775 – 799 | 8.75% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 750 – 774 | 8.75% p.a. – 8.80% p.a. | 8.90% p.a. – 9.05% p.a. |
| 725 – 749 | 8.75% p.a. – 8.80% p.a. | 9.25% p.a. – 9.40% p.a. |
| 700 – 724 | 8.75% p.a. – 8.80% p.a. | 9.35% p.a. – 9.50% p.a. |
| 600 – 699 | 8.75% p.a. – 8.80% p.a. | 9.55% p.a. – 10.00% p.a. |
| < 600 | 8.75% p.a. – 8.80% p.a. | 10.10% p.a. – 10.50% p.a. |
| 150 – 200 | 8.75% p.a. onwards | 8.85% p.a. onwards |
| 100 – 150 | 9.25% p.a. onwards | 9.35% p.a. onwards |
| Sure Fixed Scheme | 10.00% p.a. – 10.25% p.a. | 10.00% p.a. – 10.25% p.a. |
How to Download LIC Housing Finance Home Loan Interest Certificate?
Here’s a simple guide to download your interest certificate from LIC Housing Finance:
- 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 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.
Does LIC offer any credit counseling services to improve my CIBIL score?
LIC Housing Finance Limited does not directly offer credit counseling services to improve your CIBIL score. However, there are several external services and tools available in India that can help you manage and improve your credit health:
- Credit Counseling Services: Organizations like Urban Money and Bajaj Finserv provide credit counseling services that help manage debt and improve credit scores. These services include personalized debt management plans and financial education to enhance credit health.
- Credit Repair Agencies: Companies such as Credit Help India offer CIBIL score repair services, which involve analyzing your credit report, identifying errors, and providing strategies to improve your credit profile.
- Credit Advisory Services: Platforms like Paisabazaar offer personalized credit advisory services, including expert analysis of your credit report and guidance on improving your credit score.
While LIC itself does not provide these services, utilizing these external resources can help you improve your CIBIL score, which in turn can lead to better interest rates on LIC home loans.
Are there any special discounts available for LIC home loans?
LIC Housing Finance offers several special discounts and schemes on home loans, which can vary based on the borrower’s profile and the specific scheme. Here are some of the special discounts and offers available:
- Griha Rakshak Scheme for Defence Personnel:
- Interest Rate: 8.40% p.a. for loans up to Rs. 2 crores.
- Eligibility: Serving and retired defence personnel with a CIBIL score of 750 and above.
- Processing Fees: Waived.
- Validity: Offer valid until September 30, 2024.
- NIL Processing Fees for Women Borrowers:
- Loan Amount: Up to Rs. 20 crores.
- Benefit: No processing fees for women borrowers.
- Advantage Plus Scheme:
- Interest Rate: Starting from 8.50% p.a..
- Benefits: Allows existing home loan borrowers to switch to LIC Housing Finance for better interest rates and terms.
- Pay When You Stay Offer:
- Details: This offer allows borrowers to delay EMI payments, but specific discounts or rate reductions are not detailed in the available information.
These schemes provide various benefits, including reduced interest rates and waived processing fees, depending on the borrower’s category and loan requirements.
What are the benefits of LIC’s home loan schemes for women?
While LIC Housing Finance does not specifically highlight unique benefits for women in their home loan schemes, women can still benefit from general advantages offered by various financial institutions in India. Here are some benefits that women can generally enjoy when applying for home loans:
- Lower Interest Rates: Many banks and housing finance companies offer lower interest rates for women borrowers, typically a reduction of 0.05% to 0.10% compared to standard rates.
- Reduced Stamp Duty: Several states in India provide reduced stamp duty rates for women homebuyers, which can lead to significant savings.
- Tax Benefits: Women can claim tax deductions on home loan repayments under the Income Tax Act, similar to other borrowers. If a woman is a co-applicant, both partners can claim these deductions separately.
- Government Schemes: Initiatives like the Pradhan Mantri Awas Yojana (PMAY) require property registration in a woman’s name to avail of benefits, including interest subsidies on home loans.
- Faster Approval Processes: Some lenders offer faster approval processes for women borrowers, making it easier to secure financing.
While LIC Housing Finance does not specifically mention these benefits for women, they do offer NIL processing fees for women borrowers on loans up to Rs. 20 crores. This can be a significant advantage for women applying for LIC home loans.
What are the eligibility criteria for women to avail of LIC’s home loan benefits?
To avail of LIC’s home loan benefits, women must meet the general eligibility criteria for LIC home loans, which are similar for both men and women. Here are the key eligibility criteria:
- Age: The minimum age is 21 years, and the maximum age at loan maturity is 70 years.
- Residency: The applicant must be an Indian resident or a Non-Resident Indian (NRI).
- Income: A minimum monthly income of Rs. 25,000 is required to apply for an LIC home loan.
- Credit Score: A credit score of at least 600 is necessary, though higher scores are preferred for better interest rates.
- Employment: Women can apply if they are salaried employees or self-employed professionals/business owners.
- Property Ownership: For benefits under schemes like PMAY, the property must be registered in the woman’s name, either solely or jointly.
While LIC does not offer specific benefits for women beyond general home loan terms, women can still benefit from NIL processing fees on loans up to Rs. 20 crores if they are the primary borrowers. Additionally, women can leverage government schemes like PMAY by registering the property in their name to access interest subsidies and other benefits.
Secure the Lowest LIC Housing Finance Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions [FAQs]
LIC Housing Finance offers competitive home loan interest rates starting from 8.50% per annum.
The exact rate depends on various factors such as your credit score, loan amount, employment profile, and the specific home loan scheme you choose.
The interest rates for LIC Housing Finance Home Loans typically range from 8.50% p.a. to 10.75% p.a.
These rates vary based on the applicant’s creditworthiness, loan type, and other eligibility criteria.
Higher credit scores generally qualify for lower interest rates within this range.
Your CIBIL score plays a significant role in determining the interest rate offered by LIC Housing Finance.
Applicants with higher CIBIL scores (e.g., 800 and above) are eligible for the lowest interest rates, while those with lower scores may face higher rates.
A strong credit score demonstrates your creditworthiness, making you a less risky borrower.
LIC Housing Finance does not explicitly state a minimum credit score requirement.
However, having a CIBIL score above 700 is generally favorable and increases your chances of securing a home loan with a competitive interest rate.
Applicants with scores below this threshold may still qualify but might incur higher interest rates.
Yes, LIC Housing Finance charges a processing fee of 0.25% of the loan amount, with a minimum of ₹5,000 and a maximum cap of ₹50,000.
This fee covers the costs associated with processing your loan application.
LIC Housing Finance offers loan tenures of up to 30 years for salaried individuals and up to 25 years for self-employed individuals, depending on the applicant’s age and repayment capacity
Yes, LIC Housing Finance charges a processing fee of 0.25% of the loan amount, with a minimum of Rs. 5,000 and a maximum of Rs. 50,000.
Yes, Non-Resident Indians (NRIs) can apply for LIC Home Loans. The interest rates and terms are similar to those for resident Indians, with specific eligibility criteria applicable to NRIs.
No, LIC Housing Finance does not levy any prepayment or foreclosure charges on floating interest rate home loans.
You can apply for an LIC Home Loan by visiting the official LIC Housing Finance website or by visiting one of their branches. Additionally, applications can be made through financial portals like Credit Dharma.
The required documents include KYC documents (such as PAN Card and Aadhaar Card), income proof (like salary slips and bank statements), and property-related documents.
You can check your loan status through the LIC Housing Finance customer portal on their official website or by visiting their branches.
Yes, LIC Housing Finance provides a balance transfer facility, allowing borrowers to transfer their existing home loans from other lenders to LIC HFL at competitive interest rates.
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