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LIC HFL Interest Rates 2025
Life Insurance Corporation Housing Finance Limited (LIC HFL) provides attractive home loan schemes to help individuals achieve their dream of homeownership. The LIC HFL interest rates start from 7.50% up to Rs. 5 Crore, varying based on factors such as the loan amount, tenure, and the applicant's CIBIL score.
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- LIC Housing Loan Interest Rates 2025
Let’s discuss the current LIC HFL interest rates, LIC HFL Login, their types, application procedures and factors influencing these interest rates.
LIC HFL Interest Rate Details
| Interest rate | 7.50% pa |
| Loan amount | Up to Rs. 5 Crore |
| Current LHPLR* (LIC Housing Finance Prime Lending Rate) | 16.90% |
| Maximum Repayment Term | 30 years |
| Processing fees | 0-0.50% |
*Note: It is a benchmark interest rate used to set floating interest rates on housing and retail loans, similar to a bank’s Prime Lending Rate (PLR).
LIC HFL Interest Rates For Home Loan
LIC HFL interest rates 2025 start at 7.50% per annum. These interest rates vary from one scheme to another and depend on the employment type (salaried and professional or non-salaried). LIC home loan interest rates are influenced by multiple factors such as the applicant’s CIBIL score, loan amount, occupation, and the specific home loan scheme chosen. LIC housing finance, a subsidiary of LIC of India, offers various home loan schemes, which are listed below in the table:
| CIBIL Score | Loan Slab | Applicable LIC HFL Interest Rates (p.a.) | |
| Salaried | Self-Employed | ||
| CIBIL ≥ 800 | Up to 5 crs | 7.50% | 8.00% |
| More than 5 crs &up to 15 crs | 7.75% | 8.25% | |
CIBIL 775 - 799 |
Up to 50 lakhs | 7.85% | 8.10% |
| More than 50 lakhs &up to 2 crs | 7.90% | 8.15% | |
| More than 2 crs &up to 15 crs | 8.00% | 8.25% | |
CIBIL 750 - 774 |
Up to 50 lakhs | 7.95% | 8.20% |
| More than 50 lakhs &up to 2 crs | 8.00% | 8.25% | |
| More than 2 crs &up to 15 crs | 8.10% | 8.35% | |
CIBIL 725 - 749 |
Up to 50 lakhs | 8.15% | 8.40% |
| More than 50 lakhs &up to 2 crs | 8.20% | 8.45% | |
| More than 2 crs &up to 15 crs | 8.30% | 8.55% | |
CIBIL 700 - 724 |
Up to 50 lakhs | 8.50% | 8.75% |
| More than 50 lakhs &up to 2 crs | 8.55% | 8.80% | |
| More than 2 crs &up to 15 crs | 8.65% | 8.90% | |
CIBIL 600 - 699 |
Up to 50 lakhs | 9.15% | 9.25% |
| More than 50 lakhs &up to 2 crs | 9.35% | 9.45% | |
| More than 2 crs &up to 15 crs | 9.50% | 9.60% | |
CIBIL < 600 |
Up to 50 lakhs | 9.60% | 9.70% |
| More than 50 lakhs &up to 2 crs | 9.80% | 9.90% | |
| More than 2 crs &up to 5 crs | 10.00% | 10.00% | |
150≤CIBIL≤200 |
Up to 35 lakhs | 8.00% | 8.35% |
| More than 35 lakhs & up to 2 crs | 8.35% | 8.45% | |
101≤CIBIL<150 |
Up to 35 lakhs | 8.50% | 8.85% |
| More than 35 lakhs & up to 2 crs | 8.85% | 8.95% | |
LIC HFL Home Loan EMI Calculator
The LIC HFL Home Loan EMI Calculator is an online tool designed to help borrowers estimate their monthly Equated Monthly Installments (EMIs) for home loans from LIC Housing Finance Ltd (LIC HFL). Users can quickly determine their EMI amount by entering key details such as the loan amount, tenure, and interest rate. This tool enables better financial planning by allowing borrowers to assess affordability, compare different loan options, and make informed decisions before applying for a home loan.
The process is very easy. All you have to do is enter the details, such as your loan amount, term, interest rate, and processing fee.
Eligibility of LIC HFL Home Loan
Your home loan eligibility depends on your income, credit score, repayment ability, etc. Below is the basic criteria mentioned below in the table:
| Maximum age for Salaried | 50 years |
| Maximum age for Self-employed | 75 years |
| Minimum Credit Score | 600 |
| Nationality | Indian citizens and NRIs |
| Income | Rs. 30,000 per year |
LIC HFL Home Loan Schemes
LIC Housing Finance Ltd (LIC HFL) provides a variety of home loan schemes for salaried and self-employed individuals. These loans are designed to help customers purchase ready-to-move homes or properties under construction.
Key Features:
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Loan amount of up to ₹3 crore
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Maximum loan tenure can be extended by 10 years post-retirement
Types of LIC HFL Home Loan Schemes
LIC HFL Pradhan Mantri Awas Yojana
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Designed for the purchase or construction of the first pucca house
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Eligible for a subsidy of up to ₹2.67 lakh under PMAY
LIC HFL Griha Suvidha
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Aimed at individuals looking to own a home
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Age and income type are not restrictions
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Loans qualify for PMAY-CLSS subsidy
LIC HFL Home Loan for NRIs
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Enables NRIs to purchase or construct a house in India
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No prepayment penalty
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Facility to transfer an existing home loan to LIC HFL
LIC HFL Plot Loan
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Offered for the purchase of residential plots for home construction
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Loan amount of up to 75% of the property value
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Repayment tenure extends up to 15 years
LIC HFL Home Construction Loan
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Available for home construction at attractive interest rates
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Loan amount of up to ₹75 lakh
LIC HFL Home Extension Loan
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Designed for home expansion needs
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Repayment tenure of up to 30 years
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Interest rates start from 9.10% p.a.
LIC HFL Top-Up on Home Loan
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Available for both new and existing home loan customers
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Can be availed as an additional loan on an existing home loan
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Lower interest rates
LIC HFL Advantage Plus
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Facility to transfer an existing home loan to LIC HFL for added benefits
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Waiver of 2 EMIs
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No prepayment charges
These schemes offer flexible financing solutions tailored to various housing needs, ensuring customers can choose the best option based on their financial goals.
LIC HFL Interest Rates vs Other Lenders
|
Name of Lender |
LIC HFL Interest Rates |
||
|
Loans Up to Rs. 30 Lakh |
Loans Above Rs. 30 Lakh to Rs. 75 Lakh |
Loans Above Rs. 75 Lakh |
|
|
LIC Housing Finance |
8.50% - 11.25% p.a. |
8.50% - 10.55% p.a. |
8.50% - 10.75% p.a. |
| HDFC Bank Limited | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Bajaj Housing Finance | 8.25%-17.00% | 8.25%-17.00% | 8.25%-17.00% |
| Canara Bank | 8.25% – 11.00% p.a. | 8.20% – 11.00% p.a. | 8.15% – 10.90% p.a. |
| SBI | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Punjab National Bank | 8.20% - 10.00% p.a. | 8.15% - 9.90% p.a. | 8.15% - 9.90% p.a. |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab & Sind Bank | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. |
| Federal Bank | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards |
| RBL Bank | 9.00% p.a. onwards | 9.00% p.a. onwards | 9.00% p.a. onwards |
| Bank of Baroda | 8.15% - 10.40% p.a. | 8.15% - 10.40% p.a. | 8.15% - 10.65% p.a. |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| Aditya Birla Capital | 8.60% onwards | 8.60% onwards | 8.60% onwards |
| IDBI Bank | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% onwards | 8.75% onwards | 8.75% onwards |
How to Apply for LIC Home Loan?
To apply for an LIC Housing Finance home loan, follow these simple steps to complete your application process smoothly.
If you are a new customer:
Step 1: Enter basic details such as First and Last name, contact number, property location and preferred area.
Step 2: Check the confirmation box.
Step 3: Click on “Get Started”
If you are an existing customer:
Step 1: Go to the official LIC Housing Finance website.
Step 2: Go to “Customer Login” on the top right corner and select “Home Loans” option.
Step 3: The "Customer Portal" page will open where you can login through a Username or a Loan/Application number.
Step 4: Provide the DOB in the form and enter Captcha.
Step 5: Click "Submit".
What are the Documents Required to Apply for an LIC HFL Home Loan?
The following documents are required to apply for an LIC HFL Home Loan:
Address Proof:
You need to submit valid address proof documents such as your PAN card, Passport, Driving License, or Aadhaar Card. These help verify your current residential address.
Property Documents:
-
Tax Paid Receipts: Ensure you provide the latest property tax payment receipts as proof that all dues are cleared.
-
Allotment Letter: This official document confirms your ownership or rights related to the property.
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Proof of Ownership: Any legal documents proving ownership of the property, like sale deeds or title deeds, must be submitted.
Income Documents:
-
For Salaried:
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Recent salary slips
-
Form 16
-
Bank statements for the past 6 to 12 months
-
Self-employed:
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Income Tax Returns (ITRs) for the last three years
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Profit & Loss accounts and Balance Sheets
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6 to 12 months of bank statements
LIC Home Loan Processing Fees & Charges
The processing fees for different LIC home loans, including Griha Shobha, Griha Prakash, Griha Bhoomi, Griha Suvidha Asha, Griha Suvidha, New Face Lift,and Advantage Plus (Housing loan component) are outlined below:
| Loan Slab | Processing fee |
| Up to Rs 1 crore | 0.25% of the loan amount (maximum Rs 15,000) |
| Rs 1 Cr and upto Rs 2 Cr | Rs 20,000 |
| Rs 2 Cr and upto Rs 5 Cr | Rs 25,000 |
| Rs 5 Cr and upto Rs 15 Cr | Rs 50,000 |
| Upto Rs 20 Cr for women borrowers | NIL |
If you have any queries about LIC Home Loan Processing Fees & Charges, you can contact the LIC HFL Customer Care at +91 2222178600
Other Charges on LIC Home Loans
| Service | Charges |
| Prepayment Charges | NIL, under floating and fixed rates (if paid through own sources, otherwise 2% on prepaid loan amount) |
| Penal Charges | 1.50% every month on the default amount of instalments up to and inclusive of 12 months default and 1.75% per month on the defaulted/delayed instalment beyond 12 months default |
| Document retrieval charges | Rs 2,500 |
| Providing list of documents | Rs 500 |
| Photocopies of title documents | Rs 1,000 |
| Cheque bounce charges | Rs 350 |
| ECS/NACH dishonour charges | Rs 200 |
Factors Affecting LIC HFL Interest Rates
Many factors influence the LIC HFL interest rates. Some of the key factors include:
-
Credit Score: A higher credit score can result in a lower interest rate, while a lower score may lead to a higher rate.
-
Loan Amount: Larger loan amounts may provide you with lower interest rates as it spreads in longer intervals.
-
Loan Tenure: Longer loan tenures may come with slightly higher interest rates compared to shorter ones.
-
Interest Rate Type: LIC HFL interest rates are offered as fixed and floating. Fixed rates remain the same, while floating rates change with market conditions.
-
Repo Rate: A reduction in the RBI’s repo rate may lead to lower lending rates, including home loan rates.
-
Co-applicants and Guarantors: Co-applicants or guarantors with stable incomes and good credit can improve the LIC HFL interest rate.
-
Market Conditions: Economic factors like inflation can drive up interest rates.
Summing Up
LIC Housing Finance offers various home loans with competitive rates based on factors like loan amount, CIBIL score, and tenure. Compare LIC HFL interest rates with other lenders and consider processing fees, prepayment charges, and additional costs before choosing the best loan for you.
FAQs
-
Q1. What is LIC home loan interest rate?
Ans: The current LIC home loan interest rate is 8.5%. -
Q2. What is the EMI for a 20 lakh home?
Ans: If calculated considering the 8.5% interest rate, the monthly EMI for a Rs. 20 Lakh loan would be approximately Rs. 17,000. This amount can vary depending on the actual interest rate. -
Q3. Which home loan is best, LIC or HDFC?
Ans: LIC HFL and HDFC are the top companies for home loan in India. HDFC specialises in home development finance, whereas LIC is the primary insurer for Indian households. The best of these 2 will be the one that provides the best loan as per your individual needs. You should look for the option that provides you with the best fit for your needs. -
Q4. Is an LIC home loan fixed or floating?
Ans: LIC HFL offers three types of interest rates for home loans: floating or variable interest rate, Semi-Fixed Interest Rate, and full-term fixed interest rate. The maximum loan tenure LIC GFL offers is 30 years, subject to the applicant meeting the age eligibility criteria. The minimum home loan tenure is 1 year. -
Q5. How safe is LIC Housing Finance?
Ans: LIC HFL has been accredited with a credit rating of AAA/Stable by CRISIL. According to CRISIL, AAA signifies the highest safety or credit rating indicating timely interest and principal repayment by the housing finance company. -
Q6. How to Contact LIC Housing Finance?
Ans: You can send ‘Hi’ on WhatsApp at 8369998182 and get all the details. -
Q7. How to reduce home loan interest?
Ans: Here are six proven strategies to reduce your home loan interest rate:- Improve Your Credit Score: A higher score can help secure a lower interest rate.
- Choose the Right Loan Tenure: Opting for a shorter tenure may result in lower rates.
- Opt for a Floating Interest Rate: Floating rates are often lower than fixed rates.
- Negotiate with Your Lender: Try negotiating a better rate based on your financial profile.
- Make a Higher Down Payment: A larger down payment reduces the loan amount and may lower the interest rate.
- Transfer Your Home Loan: Refinancing to a lower-priced lender can reduce your interest burden.
-
Q8. Is LIC loan interest-free?
Ans: No, LIC home loans are not interest-free. LIC HFL interest rates start from 7.50% p.a. and vary based on factors like CIBIL score, loan amount, and applicant profile. Interest is charged throughout the loan tenure, as per the selected home loan scheme. -
Q9. Does LIC loan affect CIBIL score?
Ans: Loans directly from LIC against policies typically don’t affect your CIBIL score. However, loans from LIC HFL are reported as standard credit products and impact your credit score. LIC HFL interest rates and eligibility also depend on your CIBIL score and repayment history. -
Q10. What is the processing fee for LIC HFL?
Ans: LIC HFL charges a processing fee starting at 0.25% of the loan amount, capped at ₹15,000 for loans up to ₹1 crore. For higher loan slabs, fixed fees apply. These charges are in addition to LIC HFL interest rates and are non-refundable with GST.
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