LIC HFL offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility.

LIC HFL Home Loan Features

  • Online Home loan sanction facility
  • Quick sanction and low EMI
  • Simple documentation
  • Maximum Tenure of 30 years or attainment of 60 years whichever is earlier
  • Amongst the lowest rate of interest
  • No Pre-Payment penalty
  • Available for construction / purchase of house or flat from private developer or housing boards and repairs/renovation to the existing properties
  • Takeover or balance transfer of existing Home Loans possible


Types of Home Loan


Home Loan for Resident Indian

Home loans or housing loans are available for purchase of under construction or ready to move homes. Housing loans can also be availed for construction of own house. The following are eligible for Home Loan from LIC Housing Finance Ltd:

  1. All Salaried employees working in Private or Government/Public Organizations.
  2. Self-employed individuals

The following individuals are also eligible under our Griha Suvidha Home Loan:

  1. Employees drawing part of salary in cash
  2. Salaried employees seeking home loan term beyond retirement.

Home Loan for Non Resident Indian

Home loans are available for individuals working abroad but willing to own a home in India. 

♣Pradhan Mantri Awas Yojana

A special Housing Loan scheme for First Time Home Buyers by the Government of India. All families having income of Rs 3 lakh to Rs 18 lakh are eligible under this scheme provided they plan to purchase or construct their first pucca house. 

♣Plot Loans

Loans are provided against purchase of residential plots for construction of home within period of 3 years. 

♣Home Improvement Loans

Home Improvement loans are available for existing as well as new customers. 

♣Home Renovation Loans

Home Renovation loans are available for existing as well as new customers. 

♣Top Up Loan

Top Loan is additional loan over home loan provided to existing customers. 

♣Balance Transfer

Balance Transfer or Takeover of your existing home loan with other financial institute is also possible. 

♣Griha Varishtha – Home Loan for Pensioners

Home Loan is extended to individuals having pension benefit with loan tenure upto 80 years of age. Additional benefits are also offered to such borrowers on joint application with children. 

Interest Rate on Home Loan

Rate of Interests (Floating – Linked to LHPLR) Current LHPLR – 14.70%
Loan slabCIBIL ScoreSalaried & ProfessionalNon-Salaried & Non Professional
Upto Rs. 50 LakhsCIBIL >= 7006.90%7.00%
CIBIL 650 – 6997.10%7.20%
CIBIL 600 – 6497.30%7.40%
CIBIL < 6007.50%7.60%
More than 50 Lakhs & Up to Rs. 1 CrCIBIL >= 7006.90%7.00%
CIBIL 650 – 6997.30%7.40%
CIBIL 600 – 6497.60%7.70%
CIBIL < 6007.70%7.80%
More than 1 Cr & Up to Rs. 3 CrsCIBIL >= 7006.90%7.00%
CIBIL 650 – 6997.40%7.50%
CIBIL 600 – 6497.70%7.80%
CIBIL < 6007.70%7.80%
More than Rs. 3 Crs & upto Rs 15 CrCIBIL >= 7006.90%7.00%
CIBIL 650 – 6997.50%7.60%
CIBIL 600 – 6497.70%7.80%
CIBIL < 6007.80%7.90%
Loan SlabSalaried & ProfessionalNon-Salaried & Non Professional
Up to Rs. 50 Lakhs  (Cibil <=0 )7.40%7.50%
Product NameInterest TypeLoan SlabROI
My Choice –Sure Fixed
Apna Ghar (PMAY-CLSS)- Sure Fixed
Fixed for Entire loan tenureUpto Rs.50 lacs10.05%
Above Rs.50 lacs & upto Rs.5 crs10.15%

1)  In case of joints applicants, CIBIL score of applicant having highest score will be considered

   2)  For cases where CIBIL score is Zero or less and loan amount is more than Rs 50 Lakhs & up to Rs 15 Crs, the ROI applicable will be as per the CIBIL score less than 600 in the respective categories


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