✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Apply Now

LIC Housing Finance Limited (LIC HFL) provides Loans Against Property (LAP) of up to 15 Cr. With affordable interest rates starting from 9.45% p.a., you can repay your loan comfortably over a tenure of up to 15 years.

Interest Rates and Charges

The following table provides the details about LIC HFL Loan Against Property interest rates and charges:

Interest Rate

9.45% p.a. onwards

Processing Fees

1% of the loan amount + Applicable charges

Foreclosure Charges

No prepayment charges for floating rates (Only possible after 12 monthly repayments) 

Disclaimer: The above-mentioned rates and charges may change at the discretion of the LIC Housing Finance Loan.

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LIC Housing Finance LAP

Features and Benefits

The following are some of the characteristics and advantages you can get when you opt for this facility:

Ample Funding

You can get a loan ranging between 10 Lakhs and 15 Cr

Competitive Rates

The interest rates are affordable and start at 9.45% p.a., making your repayments hassle-free

Flexible Repayment

Enjoy flexible repayment tenure options ranging between 1 year and 15 years

Easy Availability

You can easily opt for an LIC HFL Loan Against Property online effortlessly

No End-use Restrictions

You can use the loan for various purposes, including education, property purchase, or business expansion

Eligibility Criteria and Documents Required

To get funds through this facility, you need to fulfil the LIC HFL Loan Against Property eligibility criteria:

  • You must be an Indian resident

  • Your credit score must be at least 700 

  • Your should be between 21 - 65 years

  • Salaried and self-employed individuals can opt for this facility


You need to submit the following documents to avail of this loan: 

  • Proof of Identity and Residence (Aadhaar card, PAN card, passport, voter ID, etc.

  • Proof of Income (Form 16, Salary slips, bank statements)

  • Proof of ownership of the property (Title deed of the property)

  • Proof of business for self-employed applicants

How to Apply

You need to follow this process to apply for an LAP from LIC HFL:

  • Click on ‘APPLY NOW’ on this page

  • Enter your requirements and provide details of your profession and your contact details to check your loan eligibility

  • Click on ‘Proceed’

  • Fill in the details accurately

  • Check the loan details along with additional charges and disbursal loan amount

  • Submit your application

  • A loan executive will get in touch with you shortly after you complete this process

Loan Against Property


What is the processing fee on the LIC HFL loan against property?

The processing fee for a Loan Against Property from LIC HFL is 1% of the loan amount with applicable charges.

Can I get an LIC HFL LAP for a property located in a rural area?

Yes, LIC HFL only requires the property’s age to be not more than 35 years.

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