LIC Home Loan

Get LIC HFL Housing Loan upto 15 Cr @ 8.65% p.a for 30 years

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

Avail LIC Housing Finance Limited from Bajaj Markets with 80% of the property value as a home loan with interest rates starting at 8.65% p.a. with a maximum repayment tenure of 30 years.

LIC Housing Finance Details

Interest Rate

8.65% onwards

Loan Amount

Up to ₹15 Cr

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)

Max Repayment tenure

  • Up to 360 months (for salaried applicants)

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

Types Available

Fixed and Floating Interest Rate

Prepayment/Fore-closure Charges

Prepayment is allowed without any penalty after you have paid 6 EMIs. Foreclosure allowed at NIL charges, however you should have paid 6 EMIs

LIC HFL Home Loan Interest Rate 2023


Interest Rate

Salaried Applicants

8.65% p.a.

Self-Employed Applicants

8.75% p.a.

Also Check, Home Loan Interest Rate

LIC HFL 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 LIC HFL 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

Calculate your LIC HFL Home Loan EMI

  • Once you have availed 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 Instalments). 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.

How to Apply for LIC HFL Home Loan

If you want to avail an LIC home loan, apply for one on Bajaj 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 Bajaj Markets.


  • Step 1: Enter your personal 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.

  • Step 2: Choose LIC HFL as your lending partner: From the list of partners available, select LIC Housing Finance Limited.

  • Step 3: Check your borrowing capacity: Find out the maximum amount of LIC housing loan that you are eligible to borrow.

  • Step 4: 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.

  • Step 5: 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.

Types of LIC Home Loan

If you are interested in borrowing money to buy, build or renovate your house, you will be glad to learn that LIC Housing Finance offers different types of loans that you can choose from, based on your needs. Here is a closer look at the different types of LIC home loans that you can avail.


  • Home loans for residents: Resident Indians, whether salaried or self-employed, are eligible for home loans from LIC HFL.

  • Griha Suvidha Home Loan: This loan is offered to employees who draw a part of their salary in cash and to salaried people whose home loan term extends beyond their retirement. Check out the features of this loan.

  • Home loan for pensioners: Also known as the Griha Varishtha home loan, this type of loan is specifically offered to people who enjoy the benefit of pension from their erstwhile workplace. Here are the key features of LIC home loans for pensioners.

  • Home loans for NRIs: LIC Housing Finance also offers NRI home loans for non-resident Indians, with the following key features. Check them out if you are an NRI planning to avail an LIC home loan.

  • Plot loans: Plot loans from LIC HFL offer financing in case you want to buy a residential plot to construct your home within 3 years from the purchase of the plot.

  • Home renovation loans: If you are planning to renovate your house or improve it in some manner, you can fund the renovation with LIC HFL’s home renovation loans, which are available to new and existing customers.

  • Top up loan: If you are an existing customer looking for some additional financing over and above the loan you have already availed from LIC HFL, the top up home loan can help you out.

  • Home loan balance transfer: This product allows you to transfer your balance home loan taken from another financial institution.

Features of LIC Housing Loan

Here’s a closer look at the top beneficial features of an LIC HFL housing loan.


  • High loan amounts: LIC Housing Finance offers you loans up to Rs. 15 Cr. 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 8.65% 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, NRI loans, 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 Bajaj Markets, you know exactly what it will cost you.

Why Choose Bajaj Markets for a LIC Housing Finance Home Loan

  • Fast Online Process: Now get an online home loan with easy approval and disbursal process.

  • Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.

  • Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency – that’s what you get with PNB Home Loan.

  • Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.

  • Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down.

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 good 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 Bajaj Markets.

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

    The interest rate of LIC home loans starts at 8.65% 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 Bajaj 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 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 home 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 Bajaj Markets and find the maximum amount of LIC HFL housing loan you can avail with a salary of Rs. 53,000.