LIC HFL Interest Rates 2026
Life Insurance Corporation Housing Finance Limited (LIC HFL) offers a range of attractive home loan schemes that can assist individuals in taking a step closer to their dream of owning a home. The rates of interest for a home loan start from 7.15% at LIC HFL for amounts up to Rs. 5 Crore and these rates fluctuate on the basis of the loan amount, tenure, and the applicant's CIBIL score.
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LIC HFL Interest Rates For Home Loan
LIC HFL interest rates 2025 start at 7.15% 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 HFL Interest Rate Details
| Interest rate | 7.15% 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 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 ≥ 825 | Up to 5 crs | 7.15% | 7.25% |
| More than 5 crs &up to 15 crs | 7.45% | 7.55% | |
| CIBIL 800-824 | Up to 5 crs | 7.25% | 7.35% |
| More than 5 crs &up to 15 crs | 7.55% | 7.65% | |
CIBIL 775 - 799 |
Up to 50 lakhs | 7.35% | 7.45% |
| More than 50 lakhs &up to 2 crs | 7.45% | 7.55% | |
| More than 2 crs &up to 15 crs | 7.65% | 7.75% | |
CIBIL 750 - 774 |
Up to 50 lakhs | 7.45% | 7.55% |
| More than 50 lakhs &up to 2 crs | 7.55% | 7.65% | |
| More than 2 crs &up to 15 crs | 7.75% | 7.85% | |
CIBIL 725 - 749 |
Up to 50 lakhs | 7.65% | 7.75% |
| More than 50 lakhs &up to 2 crs | 7.75% | 7.85% | |
| More than 2 crs & up to 15 crs | 7.95% | 8.05% | |
CIBIL 700 - 724 |
Up to 50 lakhs | 7.95% | 8.15% |
| More than 50 lakhs &up to 2 crs | 8.05% | 8.25% | |
| More than 2 crs &up to 15 crs | 8.25% | 8.45% | |
CIBIL 600 - 699 |
Up to 50 lakhs | 8.75% | 8.95% |
| More than 50 lakhs &up to 2 crs | 8.85% | 9.05% | |
| More than 2 crs &up to 15 crs | 9.50% | 9.60% | |
CIBIL < 600 |
Up to 50 lakhs | 9.55% | 9.65% |
| More than 50 lakhs &up to 2 crs | 9.65% | 9.75% | |
| More than 2 crs &up to 5 crs | 10.00% | 10.10% | |
150≤CIBIL≤200 |
Up to 35 lakhs | 7.65% | 7.75% |
| More than 35 lakhs & up to 2 crs | 7.75% | 7.85% | |
101≤CIBIL<150 |
Up to 35 lakhs | 7.95% | 8.15% |
| More than 35 lakhs & up to 2 crs | 8.05% | 8.25% | |
LIC HFL Home Loan EMI Calculator
The LIC HFL Home Loan EMI Calculator is a handy online tool that can be used by potential borrowers to figure out their monthly Equated Monthly Installments (EMIs) for home loans offered by LIC Housing Finance Ltd (LIC HFL). Simply by inputting essential data like the loan amount, tenure, and interest rate, users can effortlessly figure out their EMI amount.
This tool is useful for financial planning as it allows borrowers to check their capability of paying back, compare various loan offers, and take the right step even before a home loan application. The procedure is quite simple. You just need to input the details such as the amount of your loan, duration, interest rate, and processing fee.
LIC HFL Home Loan Schemes
LIC Housing Finance Ltd (LIC HFL) offers home loan schemes for both salaried and self, employed people. Such loans are meant to finance the purchase of ready homes or the purchase of houses or properties under construction.
Key Features:
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Loan amount up to Rs. 3 crore
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Loan tenure can be extended by 10 years post-retirement
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Types of LIC HFL Home Loan Schemes
LIC HFL Pradhan Mantri Awas Yojana
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A scheme for the purchase or construction of a first pucca house
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Under PMAY, the house purchase may be eligible for a subsidy of up to Rs. 2.67 lakh.
LIC HFL Griha Suvidha
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It is a scheme for individuals desiring home ownership
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Age and type of income are not restrictions
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Loans are eligible for PMAY, CLSS subsidy
LIC HFL Home Loan for NRIs
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Gives an NRI the option to buy or build a house in India
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There is no prepayment penalty
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Ability to transfer an existing home loan to LIC HFL.
LIC HFL Plot Loan
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Available to buy residential plots for home construction
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The loan amount can be as much as 75% of the property value
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Repayment period may be extended to 15 years
LIC HFL Home Construction Loan
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Helps you build your home at interest rates that are very attractive
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Loan of up to Rs. 75 lakh
LIC HFL Home Extension Loan
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Mainly for home extension purposes
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Repayment tenure can be extended 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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Home loan customer (new or existing) can avail this loan
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It can be one additional loan on a running home loan
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Interest rates are low
LIC HFL Advantage Plus
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Transfer the existing home loan to LIC HFL and avail of additional benefits
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Waiver of 2 EMIs
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No prepayment charges
These plans provide versatile financing solutions that perfectly suit different housing needs, thereby enabling customers to pick the most suitable option in line with their financial aspirations.
LIC HFL Interest Rates vs Other Lenders
| Name of Lender | LIC HFL Interest Rates | ||
| Loans Up to Rs. 35 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
| LIC Housing Finance | 7.15% - 11.25% p.a. | 7.15% - 10.55% p.a. | 7.15% - 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?
In order to apply for an LIC Housing Finance home loan, continue to read the steps below for you to easily complete your loan application process.
If you are a new customer:
Step 1: Provide what is asked for such as your first and last name, contact number, property location and preferred area.
Step 2: Tick the confirmation box.
Step 3: Click on Get Started
If you are an existing customer:
Step 1: Visit the LIC Housing Finance Limited website.
Step 2: Click on Customer Login on the top right corner and from the dropdown choose the Home Loans option.
Step 3: The "Customer Portal" page will open and you can login via a Username or a Loan/Application number.
Step 4: Fill in the form with your DOB and enter the Captcha.
Step 5: Hit the "Submit" button.
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:
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Tax Paid Receipts: Ensure you provide the latest property tax payment receipts as proof that all dues are cleared.
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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
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Form 16
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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
Several factors affect the LIC HFL interest rates. Some of the main factors are:
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Credit Score: A person with a good credit score can avail of the interest rate lower than the person having a poor credit score.
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Loan Amount: When you take a larger loan amount for a longer period, it is likely that you will get the lower interest rates.
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Loan Tenure: The number of years for which a loan is given also affects the interest rate. A longer term loan generally has a slightly higher rate than a short one.
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Interest Rate Type: LIC HFL offers interest rates both fixed and floating. Fixed rates are constant while floating change as per market conditions.
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Repo Rate: RBI deciding to lower its repo rate could mean you're going to pay less for your home loan as lenders will be passing on the benefit.
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Co-applicants and Guarantors: Having a co, applicant or guarantor who has a steady income and good credit can help to get an improved LIC HFL interest rate.
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Market Conditions: One of the main reasons why interest rates go up is because of inflation and other similar factors of the economy.
Summing Up
LIC HFL interest rates start with 7.15% per annum, and depend on changes in the loan amount, the length of the loan, and the creditworthiness of the applicant in terms of their CIBIL score. While looking for a housing loan, its a wise decision to not only consider the interest rates but also the processing fees, prepayment costs, and other such expenses. You can get the best loan for your homeownership goals by comparing the range of obscurity of LIC HFL with that of other financial institutions.
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FAQs
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What is LIC home loan interest rate?
The current LIC home loan interest rate is 7.15%. -
What is the EMI for a 20 lakh home?
The monthly payments of a 20 lakh home loan will vary depending on the interest rate and the duration of the loan. To give an example, if the interest rate is about 78% and the loan term is 20 years, the monthly payments usually fall in the range of Rs 15,500 to 17,000. -
Which home loan is best, LIC or HDFC?
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. -
Is an LIC home loan fixed or floating?
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. -
How safe is LIC Housing Finance?
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. -
How to Contact LIC Housing Finance?
You can send ‘Hi’ on WhatsApp at 8369998182 and get all the details. -
How to reduce home loan interest?
Here are six proven strategies to reduce your home loan interest rate:
Improve your credit score: The higher the score the better your chances of getting an attractive rate of interest.
Decide on the correct loan tenure: Shorter tenure may lead to a reduction in the rates.
Go for a floating interest rate: Floating interest rates tend to be below fixed rates.
Talk to your loan provider: You might be able to get a discount on the rate if you present your good financial standing.
Pay more upfront: Besides lowering the EMIs, a higher down payment also helps in getting a lower interest rate.
Switch your home loan: Moving to a budget, friendly lender for refinancing will definitely lighten your interest burden. -
Is LIC loan interest-free?
No, LIC home loans carry a certain interest rate. The LIC HFL interest rates start at 7.15% p.a. and change depending on various factors like CIBIL score, loan amount, and the profile of the applicant. The interest is calculated and charged for the entire loan period based on the home loan scheme picked up. -
Does LIC loan affect CIBIL score?
No, a loan against a traditional LIC policy has no impact on your CIBIL score. However, if you have a loan from LIC Housing Finance Limited, your CIBIL score will have an effect on how it is treated. -
What is the processing fee for LIC HFL?
The processing fee for LIC HFL is a minimum of 0.25% of the loan amount, and for loans up to 1 crore, they are capped at 15, 000. Fixed fees are applicable for higher loan slabs. Besides the LIC HFL interest rates, these fees are also non-refundable with GST.
Different types of Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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