LIC Housing Finance Limited (LIC HFL)

Read on to know more about LIC Housing Finance Limited (LIC HFL) in detail.

What is LIC Housing Finance (LIC HFL)?

LIC Housing Finance Limited (LIC HFL) is among the top housing finance companies in India. It was set up in 1989 to provide home loans at low interest rates and affordable housing loans to individuals. With various home loan products and services, LIC HFL caters to both salaried and self-employed people to accomplish the dream of owning a house. Over the years, the company has built a strong reputation for being customer-friendly and offering quick, easy home loan solutions. LIC HFL also provides loans to commercial property owners to construct or purchase commercial spaces.

Being a subsidiary of LIC of India, the largest and most trusted insurance company in India, adds to the reputation for reliability and financial stability of the housing finance company. Listed on BSE and NSE, LIC HFL stands strong on a trust legacy and has helped over 25 lakh families to find their dream house.

LIC Housing Finance Loan (LIC HFL) - At A Glance

LIC HFL Home Loan - Important Details

LIC Housing Finance presents flexible home loan facilities for different requirements such as purchase, renovation, or refinancing of a house. Understanding the crucial features of the LIC home loan before filing an application is always a good idea.

• LIC HFL Interest Rate: As low as 7.15% p. a.

• Loan Amount: Rs.35 lakh to Rs. 15 crore

• Loan Tenure: Up to 30 years for salaried, up to 25 years for self-employed

• Processing Fees: 0% to 0. 50%

• Foreclosure Charges: No

Types of Loans Offered by LIC Housing Finance Ltd (LIC HFL)

LIC Housing Finance offers various home loan plans that can meet most customer needs, whether you are buying your first home, remodelling your existing home, or planning a top-up loan for other expenses.

LIC Plot Loan

A loan to assist people with purchasing residential plots with flexible repayment methods and the possibility of constructing a house in the future.

• Funding of up to 75% of the plot value

• The maximum period allowed for the loan is 15 years

• An option for a composite loan can be considered for plot purchase and construction

LIC Home Loan for NRIs

A customized home loan can be availed by Non-Resident Indians to buy, build, or transfer existing home loans in India.

• Can be used for purchase or construction of residential property

• Option to transfer existing home loans to LIC HFL

• Competitive interest rates along with flexible repayment

LIC Home Loan for Pensioners

A home loan scheme specially designed for pensioners getting pensions under DBPS (Defined Benefit Pension Scheme)

• Helps pensioners up to 65 years of age

• Covers pensioners of State/Central Government, PSU and bank

• Special perks like the eligibility of EMI holiday etc.

Griha Suvidha Home Loan

A flexible loan facility for salaried, self-employed or those near retirement who need longer tenuresLoan tenure up to 30 years for salaried applicants. It is suitable for cash, salary and self-employed individuals

• Loan tenure up to 30 years for salaried applicants

• Suitable for cash-salary and self-employed individuals

• Flexible processing fees based on loan amount

Griha Suvidha Asha Home Loan

A mortgage guarantee-backed loan for applicants who meet eligibility standards with difficulty

• Ideal for Class IV/Group D employees and limited ITR profiles

• Simplified documentation and online sanctioning

• Lower EMIs with flexible eligibility norms

Griha Sugam Home Loan

A loan targeted at self-employed people who don't have formal income proof

• Loans up to 30 lakhs

• No ITR need with a minimum of 3 years business vintage

• Emphasis on business income consistency

Sure Fixed Scheme

A fixed-rate home loan giving stable EMIs over the whole loan period.

• The fixed interest rate does not fluctuate due to changes in the market

• Great for self-employed who do not have formal income proof

• Gives long-term financial planning certainty

Home Construction Loan

Loan for the construction of a residence on the land owned with long repayment terms

• Competitive interest rates

• Tenure up to 30 years for salaried borrowers

• Option for composite loan (plot + construction)

Home Extension Loan

Loan for the expansion of a house or to create new additional space in a residential property that already exists.

• Covers additional rooms or extra construction

• Repayment period going up to 30 years

• Fast approval with minimal paperwork

Home Loan Balance Transfer

It is a facility to transfer home loan accounts to a lender that offers you the best terms.

• Lower interest rates and hence less EMIs

• Repayment period extended up to 30 years

• Option for top-up loans

LIC Home Renovation Loan

A loan that helps finance the repair and restoration of old homes.

Interest rates starting from 7.15% p. A.

• Up to 30 years for salaried employees

• Perfect for home upgrading or refurbishing

LIC Advantage Plus

This scheme enables you to transfer your existing home loan to LIC Housing Finance.

• Reduced interest rates on the transferred loan

• EMI holidays, along with zero foreclosure charges

• An economical way to switch loans

Loan Against Property (LAP)

A loan secured against the pledge of residential or commercial property.

• The money can be used for personal or business purposes

• Loan repayment period of up to 15 years

• Attractive interest rates with security of property mortgage

Loan Against Rental Securities

LIC HFL Loan Against Rental Securities sometimes referred to as Lease Rental Discounting (LRD), is a loan facility primarily targeted at listed/unlisted corporates and individuals to avail loans against rental income derived from their commercial or residential properties.

• The loan will be a grant of financing against rental income and property, thus it will be based on cash flow as well as on the property valuation.

• Loan tenure is up to 10 years.

• The floating rates that are linked with LHPLR which will vary depending on the CIBIL score.

Benefits of LIC Housing Finance Loans

LIC HFL is a home loan provider which offers a range of benefits that make it a very exciting option amongst home loan borrowers. On top of ensuring the most simple process for borrowers, giving the flexibility to repayment and offering competitive interest rates, LIC has the following advantages to cater to the needs of the customers:

• Home Loan Sanction Online: It is possible to apply and get your home loan sanctioned online thus, making the loan process faster and easier to handle especially in case of busy applicants.

• Fast Sanction and Low EMI: Quick approval of loan with possibilities of low, affordable EMIs which helps you keep your budget in control and also get your home loan approved in no time.

• Easy Documentation: The paperwork procedure promises few documents to be submitted, which results in speedy loan processing.

• Maximum Loan Tenure of 30 Years: The reimbursement time can be stretched up to 30 years or till the age of 60 for the borrower, whichever happens first, thus, allowing the borrower to make lower EMIs and enjoy more repayment flexibility.

• Low-Interest Rates: With some of the lowest interest rates in the market, such as LIC HFL, home loans are made more affordable and accessible for borrowers. LIC HFL interest rates 2026 depend of factors like credit score, loan tenure and amount, Repo rate, type of interest rate and market conditions.

• No Pre-Payment Penalty: The borrowers can prepay their loans without paying any additional charges.

• Available for Various Purposes:A loan can be loans for buying, constructing a house, or repairing the house. It can even be used for repairs or other property upgrades, thus giving the borrower a flexibility of how to use the loan money.

• Home Loan Takeover Facility: In case you already have a home loan with some other bank or financial institution, you can take it over by LIC HFL at attractive terms including lower interest rate and reduced EMIs.

• Door-Step Service: To make things more convenient, LIC HFL offers a door, step service to pick up documents or to answer any queries that customers may have.

• Women Get Zero Processing Fees: When a woman is a main applicant, she gets a waiver of processing fees for individual loans up to Rs 20 crores.

• Auto Payments Provide Option: LIC HFL provides eNACH (Electronic National Automated Clearing House), which organizes the automatic payment for life insurance policy premium which are debited from your bank account.

• Simple customer Portals: The LICHFL eMandate portal is very simple to use and it helps you to have the access of your loan details without any interruptions.

• Microsite Facility: Realty Assist, a microsite of LIC HFL, gives you the opportunity to get property lists for your home search. Besides it also assists in property listings and home loan application processing.

How to Apply for a Home Loan from LIC HFL?

You can apply for an LIC home loan either online or offline. Here are the steps for both.

LIC Home Loan Online Application Process

Step 1: Visit the official LIC Housing Finance website

Step 2: Check eligibility criteria for various home loan schemes

Step 3: Fill out the application form and upload the necessary documents

A representative will contact you to proceed with the application

LIC Home Loan Offline Application Process

Step 1: Visit the nearest LIC branch

Step 2: Consult with a bank representative about the available home loan schemes

Step 3: Fill out the application form and submit the required documents for income and background verification

Before applying, it’s advisable to use the LIC Home Loan Calculator to estimate your monthly installments (EMIs).

Note: If you have any queries about how to apply for a home loan from LIC HFL, contact LIC HFL Customer Care.

Documents Required for LIC Housing Loan Application

Here is a list of documents you will need when applying for an LIC home loan:

• KYC Documents (for age and photo ID): PAN card, Aadhar card, Address proof, Passport (for NRIs).

• Property Documents: Allotment letter (for flats), Property ownership proof, Latest tax receipts

• Income Verification Documents: Bank statement for the past 6-12 months, Salary slips/Form 16 (for salaried employees), Income tax returns for the past 3 years (for self-employed)

LIC Housing Finance Calculators

LIC Housing Finance Ltd (LIC HFL) offers a set of online calculators to help homebuyers plan their finances. These tools make it easier to understand how much you can borrow, what your monthly payments will be, and whether a loan fits your budget before you apply.

EMI Calculator

The LIC HFL EMI Calculator is a simple way for you to get a rough figure of your monthly installments. You provide the amount of financing, the interest rate, and the length of the mortgage, and it will calculate the EMI, the total interest, the total amount you will be repaid, together with a schedule of principal and interest over time. You are able to experiment with various figures, for example changing the amount of the loan or the time of the loan, to check the effect on the monthly repayment.

Loan Eligibility Calculator

The calculator determines the maximum amount of loan that you are able to get based on your salary, security of your existing EMIs, interest rate, and the tenure. It further predicts the price of the property you can buy. This enables you to limit your search to the real estate that matches your financial profile.

Balance Transfer Calculator

If you want to get a lower interest rate or enjoy better customer service, you can transfer your home loan account to LIC HFL from any bank or financial institution by availing the home loan balance transfer facility offered by LIC HFL.

Affordability Calculator

This tool helps you to figure out a realistic cost by not overloading your budget. It takes into account your salary, costs, other loans, and proposed loan to come up with the amount of the property you can buy without a financial strain. These calculators are no charge and user-friendly, thus home loan planning is not only made easy but one can also make financially sound decisions.

Note: LIC HFL provides all these calculators for easy calculation of various types of loans. For calculation of traditional policies, customers can use an LIC Calculator from the official website.

LIC Home Loan Login

Existing borrowers can use LIC HFL login facility to log in to their LIC home loan account through the official LIC Housing Finance website or the mobile app HOMY.

Steps to login via the website:

Step 1: Visit the LIC Housing Finance website.

Step 2: Click on “Customer Login” and select “Home Loans.”

Step 3: Enter your username and password, or log in using your loan account number and date of birth.

LIC HFL Online Payment

LIC HFL online payment is a secure digital facility provided by LIC Housing Finance Limited (LIC HFL). It allows customers to pay their housing loan EMIs using the internet. It ensures your payments are processed quickly, securely, and without the hassle of visiting a bank branch.

Whether you want to make a one-time payment or set up recurring payments, the online portal makes it simple. Using options like Net Banking, UPI Payment, Credit/Debit Card, and Auto-Debit Facility customers can easily pay their EMIs without any hassle.

LIC HFL Fixed Deposit- Sanchay Deposit Scheme

The LIC HFL FD Scheme 2026- Sanchay Deposit Scheme is a reliable LIC FD plan that offers investors a stable and guaranteed return through a secure fixed deposit structure. The LIC FD plan 2026 is a fixed-income product that assures steady returns. CRISIL gives this LIC FD Scheme 2026 a AAA/Stable rating, which means it is the safest type of deposit instrument among banks that take deposits.

Investors can use this LIC fixed deposit plan, including residents and non-residents, minors (through guardians), HUFs, businesses, societies, and trusts. This LIC FD scheme 2026 is easy to manage and gives you access to your money when you need it. It has features like monthly and yearly interest payments, automatic renewal, electronic payments, and loans against deposits of up to 75% of the amount.

Summing Up

LIC Housing Finance Limited (LIC HFL) provides a variety of home loan products to cover different purposes like buying a new house, remodeling your existing property or getting a top-up loan. Through offering attractive interest rates, convenient loan periods and a cordial service orientation, LIC Housing Finance makes acquiring a house easy on your pocket and free of stress. Knowing the loan facilities, qualification standards and request procedure will enable you to choose wisely and move forward with acquiring your ideal house.

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