LIC Housing Finance

LIC Housing Finance Limited was incorporated in 1989. Today, it is one of the largest and most trusted housing finance companies in India. LIC HFL offers loans to people from all walks of life, right from salaried people and pensioners to self-employed individuals and NRIs too. The company also offers a wide range of financing options, so no dream is too large to remain unfulfilled. 


LIC Housing Finance went public in 1994, and its stocks are now actively traded on both the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE). If you are looking for affordable home loan interest rates, look no further than LIC Housing Finance Limited. And avail your loan through a hassle-free process on Bajaj MARKETS.

Products Offered

Product

 

Home Loan

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Home Loan Balance Transfer

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Loan Against Property

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Loan Against Property Balance Transfer

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Key Features

  • Attractive Interest Rates

    The housing loans from LIC HFL are offered at attractive interest rates beginning as low as 7.55% per annum.

  • Different Types of Loans

    LIC Housing Finance Ltd. also offers different types of loans to meet various needs like home purchase, home construction, renovation, improvement and balance transfer.

  • Easy Eligibility Criteria

    The eligibility criteria are also quite relaxed, and LIC HFL offers loans for salaried and self-employed persons as well as NRIs and pensioners.

  • Sizeable Loan Amounts

    Depending on your needs and your eligibility criteria, you can borrow up to Rs. 15 Crores from LIC Housing Finance Limited.

  • Convenient Repayment Tenures

    The repayment tenures are also very convenient, going up to 20 years for self-employed borrowers and 30 years for salaried individuals.

Awards

Here is a list of some of the awards and accolades that LIC Housing Finance has received over the years.

In the year 2016:

 

  • Received the Best HFC Award from ABP News
  • Received the Outlook Money Awards for Best HFC
  • Won the Asia Pacific Entrepreneurship Award
  • Won the Power Brands Award by Franchise India

 

In the year 2017:

 

  • Won Best HFC award by Outlook Money
  • Won BFSI Best CEO Award from Business Today

 

In the year 2019:

 

Voted as the Brand of the Decade 2019 by BARC Asia

 

 

In the year 2020:

 

  • Received the Data Quality Award by Transunion CIBIL in the Housing Finance Company category
  • Awarded the ‘Best Housing Finance Company’ at the National Real Estate Congress Leadership & Awards, 2019
  • Featured in the Top 10 Most Consistent Wealth Creators according to the Motilal Oswal 24th Annual Wealth Creation Study, 2019

Frequently Asked Questions

  • ✔️What are the eligibility criteria to avail LIC Housing Finance?

    To avail a housing loan from LIC Housing Finance, you need to be at least 21 years of age. The upper age limit at the time of loan maturity for self-employed people is 70 years, and for salaried people it’s the retirement age. In addition to this, there are also income-related eligibility criteria.

  • ✔️What should be my income to secure a loan from LIC Housing Finance?

    If you are a salaried person, your monthly income should be at least Rs. 25,000 if you live in a non-metro city and Rs. 35,000 if you live in a metro city. If you are self-employed, your annual profit after tax (PAT) should be at least Rs. 4 Lakhs if you live in a non-metro city and Rs. 6 Lakhs if you live in a metro city.

  • ✔️How much work experience is required for a loan from LIC Housing Finance?

    LIC Housing Finance does not have any specific requirements regarding the work experience of the applicant.