LIC Housing Finance Home Loan

Borrow up to ₹15 Crores with an LIC Housing Finance Home Loan, available on Bajaj Markets

Select Your Profession

Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Check Offer

On Bajaj Markets, you can now get an LIC Housing Finance Home Loan of up to ₹15 Crores. Enjoy attractive interest rates starting from as low as 8.65% p.a. and a tenure ranging up to 30 years. These home loans are available in multiple variants, enabling you to find an option that suits your needs best.

LIC Housing Finance Home Loan Interest Rates

The interest rates and charges applicable to this loan are as listed below:

Interest Rate

8.65% p.a. onwards

Processing Fees

0.25% of the loan amount subject to a maximum of ₹10,000 + GST (for loans up to ₹2 Crores)

0.25% of the loan amount subject to a maximum of ₹25,000 + GST (for loans above ₹2 Crores and up to ₹5 Crores)

₹50,000 + GST (for loans above ₹5 Crores and up to ₹15 Crores)

Prepayment and Foreclosure Charges

No penalty after completing the payment of 6 EMIs

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Features and Benefits of an LIC Housing Finance Home Loan

High Loan Amounts

Secure amounts of up to ₹15 Crores and purchase the home of your choice

High LTV Ratio

This loan can cover up to 90% of your property value, subject to certain limits

Affordable Interest Rates

You can get this loan at interest rates starting from just 8.65% p.a.

Flexible Repayment Tenures

Enjoy flexible repayment tenures of up to 30 years

Easy and Minimal Documentation

The documents required for this loan are minimal and can be submitted online, enabling you to get loans quickly

Eligibility Criteria for an LIC Housing Finance Home Loan

Here are the basic eligibility criteria you may be asked to fulfil to be eligible for an LIC Housing Finance Home Loan:

Eligibility Criteria	Details
Nationality	Indian
Age	Salaried applicant - Up to the retirement age Self-employed applicant - 21 to 70 years
Minimum Income	Salaried applicant ₹35,000 per month if living in a metro city ₹25,000 per month if living in a non-metro city Self-employed applicant ₹6 Lakhs each year (profit after tax) if living in a metro city ₹4 Lakhs each year (profit after tax) if living in a metro city
ITR Filings	If self-employed, you should have filed an ITR over the last 3 years

Documents Required for an LIC Housing Finance Home Loan

The paperwork required to secure an LIC Housing Finance Home Loan is quite minimal. Here is the list of documents required:

KYC Documents: PAN card, Aadhaar card, any address proof, passport (for NRIs)
Income Documents:

For Salaried Applicants: Form 16 and salary slips
For Self-employed Applicants: ITR filings and business financials for the last 3 years

Bank statements of the last 6 to 12 months
Property Documents: Proof of ownership of the property, allotment letter of the builder/society, property tax receipt

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Home Loan by Other Partners

Calculators

Home Loan Statements & Customer Care

How can I get a home loan from LIC?

You can apply for an LIC Housing Finance Home Loan on the Bajaj Markets platform through our easy application and hassle-free documentation process.

Is it mandatory to have a co-applicant while applying for an LIC Home Loan?

No, applying for a home loan with a co-applicant is not mandatory. However, having a co-applicant can increase your loan eligibility.

Can I repay my LIC Home Loan ahead of schedule?

Yes, you can repay your LIC housing loan before the loan tenure ends by opting for a prepayment or foreclosure facility. In addition, you can foreclose your loan with no additional charges once you complete 6 EMI payments.

Can I get tax benefits from a LIC home loan?

Yes. According to Section 80C and 24B of the Income Tax Act, you can enjoy tax benefits on home loan repayments.

What is the current LIC Housing Finance Home Loan interest rate?

The current home loan interest rate of LIC Housing Finance starts at 8.65% p.a. for salaried borrowers and 8.75% p.a. for self-employed borrowers.

What is the maximum tenure for LIC Housing Finance Home Loans?

You can get an LIC Housing Finance Home Loan for tenures of up to 30 years.

How can I check my LIC Housing Finance Home Loan application status?

You can log into the customer portal on LIC Housing Finance’s official website to check the status of your loan application. Alternatively, you can reach out to the customer service team of LIC Housing Finance, who will help you access the required details.

I receive a part of my salary through cash. Can I apply for a home loan from LIC Housing Finance?

Yes. If a portion of your earnings is received by you in the form of cash, you can still apply for a home loan from LIC Housing Finance.

What is the LIC Home Loan provisional certificate?

A provision certificate consists of details of the EMIs paid to service your home loan in a year. It shows the amount paid and your outstanding dues. The certificate offers a complete breakdown of how each payment contributes to the repayment of your home loan from LIC Housing Finance.