When looking for a home loan, LIC Housing Finance Limited (LIC HFL) is one of the most trusted names in India. With competitive interest rates, flexible repayment options, and minimal processing fees, LIC HFL offers a variety of home loan products tailored to different needs. Read More about LIC Housing Loan Interest Rate and Charges below.
LIC Housing Loan Interest Rate 2025
LIC Housing Finance provides home loans at attractive interest rates based on the applicant’s credit profile, employment type, and loan amount. Here are the current LIC Housing Loan interest rates:
| Loan Type | Interest Rate (p.a.) |
|---|---|
| Regular Home Loan | 8.50% – 9.25% |
| Griha Suvidha Home Loan | 8.75% – 9.50% |
| Home Loan for Pensioners | 8.50% – 9.00% |
| Home Renovation Loan | 9.10% – 9.25% |
| Home Extension Loan | 9.10% – 9.25% |
| Plot Loan | 8.70% – 9.50% |
| NRI Home Loan | 8.50% – 9.25% |
| Top-up Home Loan | 9.70% – 11.55% |
Note: Interest rates may vary based on applicant profile and loan tenure.
LIC Housing Loan Processing Fees and Charges
Apart from interest rates, borrowers should also be aware of the processing fees and other charges associated with LIC home loans:
- Processing Fee: 0% to 0.50% of the loan amount.
- Prepayment/Foreclosure Charges: NIL for floating interest rate loans.
- Late Payment Charges: 2% on the overdue amount per month.
- Legal and Technical Charges: As per actual costs incurred.
- Loan Conversion Charges: 0.25% to 2% of the outstanding loan amount for switching to lower interest rates.
Eligibility Criteria for LIC Housing Loan
To avail of an LIC HFL home loan, applicants must meet the following eligibility requirements:
- Age: Minimum 21 years, maximum 65 years at loan maturity.
- Employment Type: Salaried or self-employed individuals.
- Minimum Income Requirement: Varies based on the loan amount.
- Credit Score: A CIBIL score of 700+ is preferred for better interest rates.
Key Features & Benefits of LIC HFL Home Loans
- Competitive interest rates.
- Loan tenure of up to 30 years.
- High loan amounts available (up to ₹15 crores).
- Hassle-free application process.
- No prepayment charges on floating-rate loans.
- Special schemes for pensioners, NRIs, and women borrowers.
How to Apply for an LIC Housing Loan?
You can apply for an LIC HFL home loan online or visit the nearest branch. The process includes:
- Filling out an application form with personal and income details.
- Submitting required documents (KYC, income proof, property papers, etc.).
- Loan processing and verification by LIC HFL.
- Loan sanction and agreement signing.
- Disbursal of loan amount.
Conclusion
LIC Housing Finance offers affordable home loans with customer-friendly terms, making homeownership easier. With competitive interest rates, minimal charges, and a smooth application process, LIC HFL remains a top choice for borrowers in India. If you’re planning to buy a home, renovate your property, or invest in land, LIC HFL has an option suited for you.
For the latest updates on LIC home loan interest rates and finance news, stay tuned to Banking Insights! Don’t forget to share this article with those looking for home loan options.