LIC Housing Home Loan Interest Rate

Description of Charges Amount
Interest Rate Range 8.95% - 9.15%
Processing Charge Up to Rs. 1 crore - 0.25% loan amount, Max. Rs. 10,000 + GST, Above Rs. 1 crore & up to Rs.5 crores - 0.25% of loan amount, Max Rs. 25,000 + GST
Loan Amount Up to 75% - 85% of value of the property
Tenure Range 30 years for salaried employee and 20 years for self employed
Foreclosure Charges Nil
Upfront fee applicable for time to time

Documents Required for LIC Housing Home Loan

  • Application form with signature

  • Photo ID proof: Passport/ Driving License/ Aadhar Card/ PAN Card/ Voter ID/ Employee ID

  • For salaried employee, need to provide last 3 months salary slips.

  • The applicant need to submit a pension proof

  • For self employed, need to provide income tax returns or Form 16.

  • The self employed or bussiness people should provide educational certificate and business existence proof. And also show their last 3 months IT returns certificate with the income computation. They should also submit their last 3 years CA certified or audited balance sheet & profit and loss account.

  • Need to provide intent to sell or agreement to sell.

  • Need to provide original documents for verification purpose at the time of loan application.

  • Need to provide photograph of an application.

Eligibility Criteria of LIC Housing Home Loan

LIC Housing Home Loan for Resident Indians Open to all individuals who are residents in India
LIC Housing Home Loan for NRIs Only available to salaried employees who hold an NRI (non-resident Indian) or PIO (person of Indian origin) status.
LIC Housing Home Loan for Pensioners (before retirement) Available to the people whose age is 50 years or above and hold a pension scheme post retirement.
LIC Housing Home Loan for Pensioners (after retirement) Available to the people who are pensioners drawing a pension which forms a stable source of income.

LIC Housing Home Loan EMI Calculator

To check the monthly EMI for your home loan, use our LIC housing home loan EMI calculator:

Features of LIC Housing Home Loan

  • Low interest rates

  • Simple and secure application process

  • Best offers for good credit score people

  • Easy home loan balance transfer