LIC HFL Home Loan Interest Rates

LIC Housing Finance Loan Interest Rate | Apply Now

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.25%

Planning to buy your dream home or build it from the ground up? LIC Housing Finance Limited can help you with the funds needed to make your dreams come true. LIC HFL offers housing loans to salaried employees, self-employed individuals, pensioners and NRIs too. So, no matter what category you belong to, you can avail a loan from LIC Housing Finance if you are eligible. 

 

One of the key advantages of availing housing loans from LIC HFL is that they are extremely affordable. The LIC Housing Finance interest rate begins as low as 8.00% per annum. The processing fees are also very nominal, making it easy for you to repay the debt while simultaneously fulfilling your dream of owning your own house.

LIC Housing Finance Home Loan Processing Fee and Other Charges

If you are interested in availing a home loan from LIC Housing Finance, take a look at the LIC housing loan interest rate and processing fees in the table below.

Interest rate

  • 8.00% 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)

LIC Housing Finance Interest Rate for Salaried and Self Employed

As you’ve already seen earlier, LIC Housing Finance Limited offers home loans for both salaried and self-employed applicants. The LIC HFL interest rates vary from one applicant to another based on their CIBIL score and the nature of their employment and their income. 

So, you need to know the LIC HFL home loan interest rates for salaried applicants and self-employed applicants before you avail a loan from the company. This way, you can plan your borrowings better.

Here is a closer look at the interest rates for these two categories of applicants.

Loan amount

CIBIL score

Interest rates for salaried and professional applicants

Interest rates for non-salaried and non-professional applicants

Up to Rs. 2 Crores

≥ 700

6.66%

6.66%

Over Rs. 2 Crores and up to Rs. 15 Crores 

(for Griha Sidhi loan, Apna Ghar loan, and Advantage Plus)

6.90%

7.00%

Over Rs. 2 Crores and up to Rs. 3 Crores

7.10%

7.20%

Over Rs. 3 Crores and up to Rs. 5 Crores

7.20%

7.30%

Up to Rs. 50 lakhs

650-699

7.10%

7.20%

600-649

7.30%

7.40%

< 600

7.50%

7.60%

< 0 NTC

(new to credit)

7.20%

7.50%

Over Rs. 50 lakhs and up to Rs. 1 crore

650-699

7.30%

7.40%

600-649

7.60%

7.70%

< 600

7.70%

7.80%

< 0 NTC

(new to credit)

7.40%

7.80%

Over Rs. 1 crore and up to Rs. 3 Crores

650-699

7.40%

7.50%

600-649

7.70%

7.80%

< 600

7.70%

7.80%

< 0 NTC

(new to credit)

7.70%

7.80%

Over Rs. 3 Crores and up to Rs. 15 Crores

650-699

7.50%

7.60%

600-649

7.70%

7.80%

< 600

7.80%

7.90%

< 0 NTC

(new to credit)

7.80%

7.90%

 LIC Housing Loan Interest Rate for Women and Government Employee

If you are a woman or a government employee interested in availing a housing loan from LIC Housing Finance Limited, you will be interested in learning more about the LIC housing interest rates for women and government employees. This table has all the details.

 

Loan amount

LIC HFL home loan rate for women

LIC HFL home loan rate for government employees 

Up to Rs. 40 lakhs

6.66%

6.66%

Rs. 40 lakhs to Rs. 50 lakhs

6.66%

6.66%

Rs. 50 lakhs to Rs. 1 crore

6.66%

6.66%

Above Rs. 1 crore

6.66%

6.66%

Illustration of the LIC HFL Home Loan Interest Rate

The amount of EMI you need to pay each month depends on the loan amount borrowed, the repayment tenure and the rate of interest. So, here are two examples to illustrate how the EMI is calculated for salaried and self-employed borrowers.

Particulars

Salaried borrower

Self-employed borrower

Loan amount

Rs. 25 lakhs

Rs. 25 lakhs

Rate of interest per annum

6.60%

6.60%

Repayment tenure

30 years

20 years

EMI amount

Rs. 16,066

Rs. 18,876

Total amount payable over the loan tenure

Rs. 57,83,642

Rs. 45,30,135

As you can see, the EMI amount varies based on the tenure even though the loan amount and the rate of interest remain the same. An EMI calculator can help you quickly check your EMI amount before you avail a housing loan. So, make sure you use this online tool to plan your borrowings better.

FAQ on LIC HFL Interest Rate

  • ✔️Is LIC housing finance home loan a fixed rate or floating rate loan?

    LIC housing loan interest is charged at a fixed rate for some loans and at a floating rate for others. Fixed interest rates remain the same throughout the loan tenure, while floating rates vary based on the market movements. 

     

  • ✔️How much interest does LIC charge on home loans?

    The exact LIC Housing Finance home loan rate depends on the age of the applicant, their CIBIL score, loan amount, repayment tenure and income. The interest rates start as low as 8.00% per annum.

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

    Currently, the LIC Housing Finance home loan interest rate begins at just 8.00% per annum.

  • ✔️How much interest does LIC charge on home loans?

     

    The LIC Housing Finance home loan rate depends on the age of the applicant, their CIBIL score, loan amount, repayment tenure and income. The interest rates start as low as 8.00% per annum.