✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

Introduction

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.

Interest Rates and Charges

The interest rates and charges applicable to this loan are as listed below:

Interest Rate

  • 8.65% p.a. onwards.

Processing Fees

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

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

  • ₹50,000 + GST (for loans above ₹5 Crores and up to ₹15 Crores)

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.

LIC Housing Finance Home Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount

Home Loan Amortization Schedule

Year Principal Interest Balance
LIC Home Loan

Features and Benefits

High Loan Amounts

Secure amounts of up to ₹15 Crores and purchase the home of your choice

High LTV Ratio

This loan can cover up to 90% of your property value, subject to certain limits

Affordable Interest Rates

You can get this loan at interest rates starting from just 8.65% p.a.

Flexible Repayment Tenures

Enjoy flexible repayment tenures of up to 30 years 

Easy and Minimal Documentation

The documents required to this loan are minimal and can be submitted online, enabling you to get loans quickly

Eligibility Criteria and Documents Required

Here are the basic eligibility criteria you may be asked to fulfil to be eligible for an LIC Housing Finance Home Loan.

1. For Salaried Applicants:

  • 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

2. For Self-employed Applicants:

  • 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)

  • Income Documents:

  1. For Salaried Applicants: Form 16 and salary slips

  2. 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

Read More

How to Apply?

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.

Home Loan

FAQs

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.

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