LIC Home Loan

LIC Home Loan

Get Best LIC Housing Home Loan Offer

✓ Home Loan from ₹5 Lakhs To ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates

What is LIC HFL?

A housing loan can help you realize your dream of owning your own house. LIC Housing Finance Limited, often abbreviated to LIC HFL, can help you own the house of your dreams with affordable housing loan financing solutions. LIC HFL home loans are offered at affordable interest rates, and individuals from all walks of life. Salaried people, self-employed individuals, pensioners and NRIs can avail an LIC Housing Finance home loan. If you have been contemplating availing a loan to purchase or build your dream home, LIC Housing Finance Limited can help you achieve this goal. And you can avail an LIC HFL home loan easily on Bajaj MARKETS.

Features and Benefits of LIC Home Loan

  • High loan amounts

    Get funds as high as Rs. 15 Crores and turn your dream into reality.

  • Flexible Repayment Tenure

    LIC Housing Finance offers you loans up to Rs. 15 crores. With such high loan amounts, your dream of owning a home is easily attainable.

  • Sufficient coverage of the property value

    Loans from LIC HFL also cover up to 90% of your property value, subject to certain limits. So, you do not have to worry about spending too much out of your pocket.

  • Affordable interest rates

    One of the key attractive features of LIC HFL home loans is that they are offered at very nominal rates of interest. Interest rates begin at just 7.55% per annum.

  • Flexible repayment tenures

    Repayment tenures are flexible and convenient, going up to 20 years for self-employed people and 30 years for salaried individuals.

  • A wide range of home loan products

    LIC Housing Finance Limited also offers a wide range of home loan products like home loans for residents, loans for NRIs, plot loans, home improvement loans and top up loans. You can choose the product that best suits your needs.

  • Transparency and trust

    There are also no hidden charges involved. So, when you avail a home loan from LIC HFL on Finserv MARKETS, you know exactly what it will cost you.

LICHFL Home Loan Eligibility

LIC Housing Finance has set some easy eligibility criteria for people planning to apply for financing from the company. So, before you apply for an LIC HFL housing loan, check out the home loan eligibility criteria and see if you meet the requirements.


Salaried applicant

Self-employed applicant

Age criteria

The maximum age limit for salaried applicants is the retirement age.

Self-employed applicants must be above 21 years at the time of application. Also, their age at the time of loan maturity must be below 70 years.

Income criteria

The net monthly income should be at least Rs. 35,000 if you reside in a metro city, and at least Rs. 25,000 if you reside in a non-metro city.

The Profit After Tax (PAT) must be at least Rs. 6 lakhs per annum if you reside in a metro city and at least Rs. 4 lakhs per annum if you reside in a non-metro city.

Additional criteria


Self-employed applicants should have filed their Income Tax Returns for the 3 previous years, at least.

Documents Required for LICHFL Home Loan

The paperwork required to avail an LIC home loan is quite minimal. Here is what you will need to submit.


Nature of documentation

Documents needed

KYC documents

Income documents

  • Salary slips and Form No. 16 (for salaried applicants)

  • Income tax returns for the last 3 years along with financials (for self-employed applicants or professionals)

  • Bank statements for the last 6 to 12 months

Property-related documents 

(in case you have identified the property)

  • Proof of ownership of the property

  • In case the property is a flat, the allotment letter of the builder/society

  • The receipt showing tax has been paid up to date

How To Apply for LICHFL Home Loan on Finserv MARKETS

If you want to avail an LIC home loan, apply for one on Finserv MARKETS today. The procedure is quick and simple. Here is a step-by-step guide to apply for a home loan from LIC Housing Finance on Finserv MARKETS.

  • Enter your Personal and Income Details

    Fill in the information related to your personal details and your professional details, like your age, income and nature of work, and check your eligibility instantly.

  • Choose LIC HFL as your lending partner

    From the list of partners available, select LIC Housing Finance Limited.

  • Check your borrowing capacity

    Find out the maximum amount of LIC housing loan that you are eligible to borrow.

  • Submit the details of your requirement and the property

    Enter the amount of loan you wish to borrow and mention the details of the property for which you are availing the loan.

  • Get to know the final details of your loan

    Once you enter the above details, you can find out more about the loan charges and the net amount that will be disbursed to you. A loan expert will then get in touch with you, so your application can be processed.


Calculate Your LIC Home Loan EMI

Once you have availed of your LIC housing loan, you need to repay the amount borrowed along with the interest due thereon. The repayment will be in the form of EMIs (Equated Monthly Installments). So, knowing your EMIs beforehand can help you check if you can repay the loan as planned.


The home loan calculator on Bajaj MARKETS can help you with this. You just need to enter the loan amount, the repayment tenure, and the rate of interest. The home loan calculator will automatically show you the amount of EMIs instantly.

LIC Home Loan Interest Rate & Charges

Interest rate

  • 7.55% p.a. for salaried and professional applicants

  • 7.65% p.a. for non-salaried and non-professional applicants (self-employed applicants)

Processing fees

  • 0.25% of the loan amount subject to a maximum of Rs. 10,000 +GST (for loans up to Rs. 2 crores)

  • 0.25% of the loan amount subject to a maximum of Rs. 25,000 + GST (for loans above Rs. 2 crores and up to Rs. 5 crores)

  • 50,000 +GST (for loans above Rs. 5 crores and up to Rs. 15 crores)

Repayment tenure

  • Up to 360 months (for salaried applicants)

  • Up to 240 months (for self-employed applicants)

*The charges are subject to policy changes of LIC HFL.

LICHFL Home Loan Customer Care

If you wish to reach out to the LIC HFL customer support team, you can visit their site and select whether you are an existing customer or a potential customer. You will then need to select your state and area office, and you will be shown the name and helpline number of the Customer Relation Officer (CRO).


Alternatively, you can also write to the company on their site or visit the area office in your state to get assistance in-person.


LIC Home Loan FAQs

  • ✔️Is LIC suitable for availing home loans?

    Yes, LIC Housing Finance offers you a wide range of home loan products at affordable interest rates, making it an excellent choice for availing home loans.

  • ✔️How can I get a home loan from LIC?

    You can get an LIC home loan from the official website of LIC Housing Finance Limited, or you can apply for an LIC HFL housing loan on Finserv MARKETS.


  • ✔️What is the interest rate of LIC home loan?

    The interest rate of LIC home loans starts at 7.55% per annum.


  • ✔️ What is the EMI for a home loan in LIC?

    The EMI for your home loan from LIC depends on the amount of loan you take, the repayment tenure and interest rate. You can use the home loan calculator on Finserv MARKETS to check your EMI amount.


  • ✔️How can I pay LICHFL home loan EMI online?

    You can repay your LIC home loan online via internet banking, using your debit cards, or through an ECS system or an auto-debit mandate.

  • ✔️How to calculate LIC HFL home loan eligibility?

    You can enter your details on Finserv MARKETS to check your eligibility. To be eligible for an LIC housing loan, you should be above 21 years of age at the time of application, and not more than 70 years at the time of loan maturity. If you are a salaried applicant, the retirement age is the upper limit.


    Additionally, there are also some income criteria for being eligible for a home loan from LIC HFL. Salaried applicants must earn at least Rs. 35,000 monthly (in metro cities) or Rs. 25,000 monthly in non-metro cities. Self-employed applicants must have a minimum profit after tax (PAT) of Rs. 6 lakhs per annum (in metro cities) and Rs. 4 lakhs per annum (in non-metro cities).

  • ✔️How long does it take for disbursement of LIC HFL home loan?

    The exact number of days depends on how accurate your paperwork is. However, the entire process of loan disbursal is generally very swift and hassle-free.

  • ✔️How much home loan can I get if my salary is Rs. 53,000?

    To check the amount of loan you are eligible for, you can enter your details on Finserv MARKETS and find the maximum amount of LIC HFL housing loan you can avail of with a salary of Rs. 53,000.