Home Loan Interest Rates 202038387 views
Highlights
- LIC home loans are now available at starting at 8.10%.
- LIC home loan interest rates ranging from 8.10% - 8.95%.
LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates. With this combination, LIC home loans have been one of the best home loans in India. If you have also been looking for a lender that can give you the funds you desire at the rate that you can afford, you should check the housing loan details below.
Interest Rate Comparison Tool All that glitters is not gold; the same goes for loans! Have you done your research? Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Table of Contents
LIC HFL Home Loan Interest Rate January 2020
| Particulars | Details |
|---|---|
| Interest Rate | 8.10% - 8.95% |
| Loan Amount | Above ₹1 lakh |
| Tenure | Up to 30 years |
| Processing Fees | Upto ₹1 crore: - 0.25 Paise + GST or ₹10000 + GST which ever is less More than ₹1 crore - ₹25000 + GST |
| Prepayment Charges | NIL |
LIC HFL Interest Rate for Existing Customers
At LIC Housing Finance Ltd, the rate of interest for old customers or existing customers is reviewed every 6 months as per the terms and conditions they have agreed to at the time of loan agreement.
LIC HFL Home Loan Balance Transfer Interest Rates
If your existing lender is charging higher interest rates, you can transfer your LIC Home Loan. By doing so, you can enjoy lower interest rates which ultimately leads to pocket-friendly EMIs.
| Loan Slab | Cibil Score | Salaried & Professional | Non-Salaried & Non-Professional |
|---|---|---|---|
| Upto 50 lakh | 700 & More | 8.10% | 8.30% |
| Above 50 lakh to 5 crore | 700 & More | 8.20% | 8.40% |
Important Notes:
- For customer haiving a low CIBIL score below 700 the rate of interest will be applicable as per the ROI mentioned in the marketing circular 943, dated 20.12.2019
- For cases above INR 5 crore is referred to corporate office decision
- Other terms and condition will remain the same on the marketing circular as dated on 02.07.2018
Special Offer:-
Your 2 EMIs waived off at the closure of loan or at the end of a 5 years tenure, if you has zero deafult and didn’t make prepayment in the initial 5 year repayment period.
LIC HFL Advantage Plus (Top Up Loan) Interest Rates
You can borrow a loan amount from LIC Housing Finance Limited with the current home loan EMI. The Top-up loan interest rates for the loan is mentioned below.
| Loan Slab | Interest Rate |
|---|---|
| Upto 50 Lakh | 9.70% |
| Above 50 lakh to 5 crore | 10.00% |
