LIC Housing Finance Home Loan Interest Rates, Schemes and Eligibility
Griha Suvidha scheme tailored for pension holders & self-employed
What is the current LIC Housing Finance home loan interest rate?
LIC Housing Finance home loan interest rates start at 8.50% p.a. for salaried borrowers with a credit score of 750+. The rate you get depends on your credit score, loan amount, and whether you choose a floating or fixed rate. MakaanLoan compares this against 25+ banks for free.
| Loan Category | Interest Rate Range (p.a.) | Max Tenure | Max LTV Ratio | Rate Verification |
|---|---|---|---|---|
| Salaried Borrowers (CIBIL 750+) | 8.50% – 8.95% | 30 Years | Up to 85% | Recently Verified |
| Self-Employed Professionals & Business | 8.65% – 9.75% | 25 Years | Up to 80% | Recently Verified |
| Balance Transfer from Other Lenders | Starts at 8.50% p.a. | Up to 30 Years | Up to 85% + Top-up | Recently Verified |
Popular LIC Housing Finance Home Loan Schemes
Explore specialized schemes tailored for salaried professionals, business owners, youth, and government employees.
LIC HFL Griha Suvidha
Flexible housing credit for individuals with non-formal or cash salary components
- Structured income assessment considering bank turnover, surrogate bills, and verified employer vouchers
- High sanction capacity with flexible debt-to-income (FOIR) ratios
- Loans available for ready flats, resale apartments, and self-construction
LIC HFL Griha Varishtha
Tailored housing loans for Senior Citizens & Pensioners up to 75 years age
- Repayment tenure extends up to 75 years of age or post-retirement period
- Joint applicant eligibility allowing pension-drawing parents and earning children to pool income
- Zero prepayment penalties for floating rate borrowers
LIC Housing Finance Home Loan EMI Calculator
Estimate your monthly installment based on LIC Housing Finance's live interest rate of 8.50% p.a.
LIC Housing Finance Eligibility Criteria
- Age Limit: 21 years at application, up to 65–70 years at maturity
- Minimum Income: ₹25,000/month for salaried; ₹3,00,000 annual net taxable income for self-employed
- CIBIL Score: 680+ preferred for best rate spreads
- Employment Vintage: 2+ years total work experience; 3+ years in continuous business
- Resident Status: Resident Indians, NRIs, and PIOs eligible across major schemes
Documents Required for LIC Housing Finance
- KYC: PAN card (mandatory for applicant & co-applicant), Aadhaar card, passport photos
- Salaried Income: Last 3 months payslips, 6 months salary bank statement, Form 16 / ITR
- Self-Employed: 3 years ITR with computation, P&L, balance sheet, 12 months bank statements
- Property Documents: Allotment letter, agreement for sale, sanctioned building plan, CC/OC
Frequently Asked Questions about LIC Housing Finance Home Loans
What is the current LIC Housing Finance home loan interest rate?
LIC Housing Finance home loan interest rates start at 8.50% p.a. and range up to 9.75% p.a., linked to repo rate benchmarks. Actual rate offers depend on your credit score, loan amount, and employment profile.
What is the standard processing fee charged by LIC Housing Finance?
LIC Housing Finance charges a standard processing fee of 0.3% of the sanctioned loan amount. When you apply through MakaanLoan, you can access exclusive fee concessions and special capped processing fee schemes.
Are there any prepayment or foreclosure penalties on LIC Housing Finance home loans?
Under Reserve Bank of India (RBI) regulations, LIC Housing Finance charges zero prepayment penalties or foreclosure charges on floating rate home loans for individual borrowers.
What is the minimum CIBIL score required for LIC Housing Finance home loan approval?
A CIBIL score of 700 or higher is preferred by LIC Housing Finance for standard approval, while scores of 750+ unlock the lowest starting rate slab of 8.50% p.a. Profiles with 650–700 are workable subject to compensatory underwriting.
How long does LIC Housing Finance take to sanction and disburse a home loan?
Digital in-principle sanction from LIC Housing Finance can be achieved within 48 to 72 hours once complete documentation is submitted. Final disbursement typically takes 3 to 7 working days post legal and technical verification.
Ready to apply for LIC Housing Finance Home Loan?
Submit your profile through MakaanLoan to lock in exclusive volume processing fee concessions (Makaanloan special offer of flat ₹5,900 processing fee), dedicated relationship management, and conditional in-principle sanction without bank branch visits.