LIC HFL Home Loan Interest Rates

Highlights

  • LIC home loans are now available at starting at 7.40%*.
  • LIC home loan interest rates ranging from 7.40% - 8.85%.

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.

Apply LIC HFL Home Loan @ 7.40%* Rate

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

LIC HFL Home Loan Interest Rates July 2020

ParticularsDetails
Interest Rate7.40% - 8.85%
Loan AmountAbove INR 1 lakh
TenureUp to 30 years
Processing FeesUpto INR 1 crore - 0.25% of Loan Amount + GST or INR 10,000 + GST which ever is less
More than INR 1 crore - INR 25,000 + GST
Prepayment ChargesNIL

Note: Term & condition apply for ROI- 7.40%. A further reduction of 10 bps is applicable across the above category, in case borrowers assign new/ existing single premium term assurance policy with sum assured equal to the loan amount.

Interest Rates Based on Loan Quantum & CIBIL Score for Salaried & Professionals and Non-Salaried & Non Professionals

Loan Quantum (In INR)CIBIL Score ScoreSalaried & ProfessionalsNon-Salaried & Non Professionals
All Loan Amounts>=8007.50%7.50%
Upto 30 Lakh>=7007.90%8.10%
>=6008.15%8.40%
<6008.35%8.55%
Above 30 Lakh to 50 Lakh>=7007.90%8.20%
>=6008.25%8.40%
<6008.40%8.55%
Above 50 lakh to 5 Crore>=7007.90%8.35%
>=6008.35%8.50%
<6008.50%8.75%
Above 5 Crore to 15 Crore>=7008.25%8.25%
>=6008.45%8.45%
<6008.70%8.70%

Interest Rates for Salaried & Professionals and Non-Salaried & Non Professionals Whose CIBIL Score is Zero and Less

Loan Quantum (In INR)Salaried & ProfessionalsNon-Salaried & Non Professionals
Upto 50 Lakh8.25%8.35%

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

Struggling to pay your existing higher home loan EMI amount because of the higher interest rates? Well, you can easily opt for the LIC HFL Home Loan Balance Transfer Facility at a lower interest rate. This can help reduce monthly repayment amount.

Both Salaried and Self-employed individuals can opt for this facility in a hassle-free manner. To opt for this facility, your CIBIL score must be good (700 or above). The Balance Transfer Interest rates depend on your outstanding loan amount and it may be different for salaried and self-employed individuals. All the important details related to the LIC HFL Home Loan Balance Transfer Interest Rates are mentioned in the below table. Have a look!

Loan Amount
CIBIL Score
For Salaried & Professional
For Non-Salaried & Non-Professional
Upto 50 lakh

700 & More8.10%8.30%
Above 50 lakh to 5 crore700 & More8.20%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.

Interest Rates for Griha Suvidha/ Griha Suvidha Apna Ghar – EWS/ LIG/MIG – I , MIG – II

The table below shows the rate of interest for people earning upto INR 6 lakh, INR 6 lakh-12 lakh and INR 12 lakh-18 lakh a year.

Loan Quantum (In INR)CIBIL ScoreSalaried & ProfessionalsNon-Salaried & Non Professionals
All Loan Amounts (10 lakhs - 3 crores)>=8007.65%7.65%
INR 10 lakhs to INR 30 lakhs>=7008.05%8.35%
>=6008.30%8.65%
<6008.50%8.80%
More than INR 30 lakhs and upto INR 50 lakhs>=7008.05%8.45%
>=6008.40%8.65%
<6008.55%8.80%
More than INR 50 lakhs and upto INR 3 crores>=7008.05%8.65%
>=6008.50%8.75%
<6008.65%9.00%
INR 10 lakhs to INR 50 lakhs<=08.40%8.60%
Product NameInterest TypeLoan SlabRate of Interest (ROI)
My Choice - Sure Fixed & Apna Ghar (PMAY-CLSS) - Sure FixedFixed for Entire Loan TenureUpto INR 50 lakhs10.05%
Above INR 50 lakhs and upto INR 5 crores10.15%
New Face LiftFloating (Linked to LHLPR)Upto INR 5 crores9.70%

Note: Rate of Interest (Floating – Linked to LHPLR) Current LHPLR – 14.70%

Retail Non-housing Products

LIC also offers schemes for purchase of plot, commercial property, etc. The rates for the same can be seen below.

Product NameInterest TypeLoan SlabRate of Interest
Advantage Plus (Top-Up Component)Floating (Linked to LHPLRNH)Upto INR 50 lakhs9.70%
Above INR 50 lakhs and upto INR 5 crores10.00%
Griha Prakash/ Griha
Shobha- Loan towards
purchase of plot
Floating (Linked to LHPLRNH)Upto INR 50 lakhs9.95%
Above INR 50 lakhs and upto INR 5 crores10.05%
Griha Vikas (LAP/ Top Up/ Face LiftFloating (Linked to LHPLRNH)Upto INR 1 crore11.30%
Above INR 1 crore & and upto INR 3 crores11.60%
Above INR 3 crores and upto INR 5 crores11.80%
Griha Vikas (Fixed 5)Fixed for First 5 years and floating thereafterUpto INR 1 crore11.80%
Above INR 1 crore & and upto INR 3 crores12.10%
Above INR 3 crores and upto INR 5 crores12.30%
Apna Office IIFloating (Linked to LHPLRNH)CIBIL Score 700 and above 11.00%
Upto INR 5 croresCIBIL Score 600 and more but less than 70011.50%
Apna HospitalFloating (Linked to LHPLRNH)CIBIL Score 700 and above 11.00%
Upto INR 5 croresCIBIL Score 600 and more but less than 70011.50%
Apna Office IIFloating (Linked to LHPLRNH)Upto INR 3 crores12.30%
Above INR 3 crores and upto INR 5 crores12.50%
Apna HospitalFloating (Linked to LHPLRNH)Upto INR 3 crores12.30%
Above INR 3 crores and upto INR 5 crores12.50%
Purchase of Commercial PropertyFrom INR 50 lakhs and upto INR 5 crores

Floating (Linked to LHPLRNH)
For Loan Terms of 5 years9.50%
For Loan Terms above 5 years and upto 10 years10.00%
For Loan Terms above 10 years and upto 15 years10.50%
New Griha Lakshmi Floating (Linked to LHPLRNH)Upto INR 5 crores12.60%

Note: Rate of Interest (Floating – Linked to LHPLRNH) Current LHPLRNH – 14.80%

People Also Look For

  • Free CIBIL Score Buy 24K 99.9% Pure Digital Gold Online
  • Home Loan Interest Rates July 2020
    Axis Bank7.75% - 8.55%
    Bank of Baroda6.85% - 7.85%
    Citibank8.20%
    HDFC6.95% - 8.00%
    ICICI Bank7.45% - 8.55%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank7.40% - 9.70%
    LIC Housing7.40% - 8.85%
    Piramal Capital & Housing Finance9.00% - 9.10%
    PNB Housing Finance8.60% - 9.45%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI6.95% - 7.60%
    Tata Capital9.20% - 9.35%