On Bajaj Markets, you can now get an LIC Housing Finance Home Loan of up to ₹15 Crores. Enjoy attractive interest rates starting from as low as 8.65% p.a. and a tenure ranging up to 30 years. These home loans are available in multiple variants, enabling you to find an instrument that suits your needs best.
The interest rates and charges applicable to this loan are as listed below:
Prepayment and Foreclosure Charges
No penalty after completing payment of 6 EMIs
Disclaimer: The above-mentioned details are subject to change as per the lender’s policies.
at % interest rate for months
Here are the basic eligibility criteria you may be asked to fulfil to be eligible for an LIC Housing Finance Home Loan.
The maximum age limit is the retirement age
The net monthly income should be at least ₹35,000 if you reside in a metro city
The net monthly income should be at least ₹25,000 if you live in a non-metro city
You must fall under the age bracket of 21 to 70 years
The Profit After Tax (PAT) must be at least ₹6 Lakhs p.a. if you reside in a metro city
The Profit After Tax (PAT) must be at least ₹4 Lakhs p.a. if you reside in a non-metro city
You should have filed Income Tax Returns for the last three years
The paperwork required to secure an LIC Housing Finance Home Loan is relatively minimal. Here is the list of documents required:
KYC Documents: PAN card, Aadhaar card, any address proof, passport (for NRIs)
For Salaried Applicants: Form 16 and salary slips
For Self-employed Applicants: ITR filings and business financials for the last 3 years
Bank statements of the last 6 to 12 months
Property Documents: Proof of ownership of the property, allotment letter of the builder/society, property tax receipt
Here is a step-by-step guide to applying for a home loan from LIC Housing Finance on Bajaj Markets.
Select the ‘Apply Now’ option on this page
Fill in your personal and professional details
Choose LIC Housing Finance from the list of partners available.
Enter the loan amount you wish to borrow and the required property details
Learn more about the loan charges and the net amount that will be disbursed.
Following this, a loan expert will then get in touch with you to process your application further.
You can apply for an LIC Housing Finance Home Loan on the Bajaj Markets platform through our easy application and hassle-free documentation process.
No, applying for a home loan with a co-applicant is not mandatory. However, having a co-applicant can increase your loan eligibility.
Yes, you can repay your LIC housing loan before the loan tenure ends by opting for a prepayment or foreclosure facility. In addition, you can foreclose your loan with no additional charges once you complete 6 EMI payments.
Yes. According to Section 80C and 24B of the Income Tax Act, you can enjoy tax benefits on home loan repayments.
The current home loan interest rate of LIC Housing Finance starts at 8.65% p.a. for salaried borrowers and 8.75% p.a. for self-employed borrowers.
You can get an LIC Housing Finance Home Loan for tenures of up to 30 years.