LIC Housing Finance Complete Details

LIC Housing Finance, LIC Housing Finance Share price, and all other details: A housing Loan is the first stepping stone in realizing your dream home. LIC Housing Finance offers you a wide range and variety of housing finances that will fulfill all your needs at one of the lowest interest rates available. Our housing finances are for all types of customer base which includes salaried, self-employed, professional, NRIs, etc. Our products are so adjustable according to your housing finance eligibility.

LIC Housing finance


Online housing finances

To apply for housing finance online. Click here

LIC Housing finance Features

  • Online housing finance sanction facility
  • Quick sanction and low EMI
  • Simple and easy documentation
  • The maximum duration of Tenure is 30 years or attainment of 60 years whichever is earlier
  • The rate of interest of LIC Housing Finance is amongst the lowest
  • No Pre-Payment penalty
  • Available for purchase or construction of a house or a flat from either the private developer or housing boards and renovation/repairs to the existing properties
  • Takeover or balance transfer of existing housing finances is also possible

Types of Housing Finance

Housing finance for Resident Indian

Housing finances or housing loans are available so that you can buy under-construction or ready-to-move homes. Housing loans can also be easily availed for the construction of your own house. The following mentioned below are eligible for LIC Housing finance from the LIC Housing Finance Ltd:

  1. All the Salaried employees work either in Private or Government/Public Organizations.
  2. Self-employed individuals

The following individuals mentioned below are also eligible under our Griha Suvidha housing finance:

  1. Employees drawing a part of their salary in cash
  2. Salaried employees who are seeking housing finance terms beyond retirement

For information on all eligible customers who fall under Griha Suvidha housing finance click here.

Housing finance for Non-Resident Indian

Housing finances are available also for individuals working abroad but willing to own a home in India. To know more click here.

Pradhan Mantri Awas Yojana

A special Housing Loan scheme for the First Time Home Buyers was introduced by the Indian Government. All families which are having an income between Rs 3 lakh to Rs 6 lakh are eligible under this scheme provided they plan to purchase or construct their first pucca house. For all the details and benefits under the scheme click here. For a list of statutory towns eligible under the scheme visit the official website of the National Housing Bank.

Plot Loans

Loans are provided against the purchase of residential plots for the construction of a house within a period of 3 years. For more details regarding all Plot Loans provided by LIC Housing Finance click here.

Home Improvement Loans

Home Improvement Loans are available both for existing as well as new customers. For more details on Home, Improvement loans click here.

Home Renovation Loans

Home Renovation loans are also available for both existing as well as new customers. For more details on Home Renovation loans click here.

Top-Up Loan

A top-up loan is an additional loan over housing finance provided to existing customers only. To get more ideas about the top-up loans click here. To know your eligibility and to apply click here.

Balance Transfer

Balance Transfer or Takeover of your existing housing finance with another financial institution is also possible. To know about the Balance Transfer to LIC Housing Finance click here. To transfer your existing loan to LIC Housing Finance click here.  

Griha Varishtha - housing finance for Pensioners

Housing finance is extended to individuals who are having pension benefits with loan tenure up to 80 years of age. Additional benefits are also provided to such borrowers on joint application with children. To know more click here.

Interest Rate on LIC housing finance


Loan Slab (CIBIL >= 700)

Salaried & Professional

Non-Salaried & Non-Professional

Up to 2 crores

6.66%

6.66%

More than 2 crores & up to 15 crores (For Griha sidhi/Apna Ghar/Advantage plus)

6.90%

7.00%

More than 2 crores & up to 3 crores (2020 Homecoming)

7.10%

7.20%

More than 3 crores & up to 5 crores (2020 Homecoming)

7.20%

7.30%



Loan Slab 

CIBIL Score

Salaried & Professional

Non-Salaried & Non-Professional

Upto Rs. 50 Lakhs

CIBIL 650 - 699

7.10%

7.20%

Upto Rs. 50 Lakhs

CIBIL 600 - 649

7.30%

7.40%

Upto Rs. 50 Lakhs

CIBIL < 600

7.50%

7.60%

Upto Rs. 50 Lakhs

CIBIL < 0 NTC

7.20%

7.50%

More than 50 Lakhs & Up to Rs. 1 Cr

CIBIL 650 - 699

7.30%

7.40%

More than 50 Lakhs & Up to Rs. 1 Cr

CIBIL 600 - 649

7.60%

7.70%

More than 50 Lakhs & Up to Rs. 1 Cr

CIBIL < 600

7.70%

7.80%

More than 50 Lakhs & Up to Rs. 1 Cr

CIBIL < 0 NTC

7.40%

7.80%

More than 1 Cr & Up to Rs. 3 Crs

CIBIL 650 - 699

7.40%

7.50%

More than 1 Cr & Up to Rs. 3 Crs

CIBIL 600 - 649

7.70%

7.80%

More than 1 Cr & Up to Rs. 3 Crs

CIBIL < 600

7.70%

7.80%

More than 1 Cr & Up to Rs. 3 Crs

CIBIL < 0 NTC

7.70%

7.80%

More than Rs. 3 Crs & up to Rs 15 Cr

CIBIL 650 - 699

7.50%

7.60%

More than Rs. 3 Crs & up to Rs 15 Cr

CIBIL 600 - 649

7.70%

7.80%

More than Rs. 3 Crs & up to Rs 15 Cr

CIBIL < 600

7.80%

7.90%

More than Rs. 3 Crs & upto Rs 15 Cr

CIBIL < 0 NTC

7.80%

7.90%



Product Name

Interest Type

Loan Slab

ROI

My Choice –Sure Fixed

&

Apna Ghar (PMAY-CLSS)- Sure Fixed

Fixed for Entire loan tenure

Up to Rs.50 lacs

10.05%

Above Rs.50 lacs & up to Rs.5 crores

10.15%




Product Name

CIBIL Score

Loan Slab

ROI

New Face Lift

700 & above

Up to Rs.15 crores

7.25%

Below 700

7.75%

"Rewriting facility available. Contact Area Office".

ROI updated as of 27.09.2021 – LHPLR – 14.70



* 1)  In the case of joints applicants, the CIBIL score of the applicant having the highest score will going to be considered

   2)  The cases where CIBIL score is Zero or even less and the finance amount is more than Rs 1 Crore & up to Rs 15 Crores, the Rate of Interest applicable will be as per the CIBIL score less than 600 in the respective categories

Maximum Loan Amount and Repayment Period

Loan to Property Cost

  • 90% of Property value for a loan up to Rs.30 lakh
  • 80% of Property value for loan/finance more than Rs. 30 lakh and up to Rs.75 lakh
  • 75% of Property value for loan above Rs.75 lakh

Maximum repayment period

  • For salaried up to 30 years
  • For self-employed up to 20 years

The above is subject to the repaying capacity and age of the applicant.



Calculator

Plan your housing finance using the LIC Housing Finance Calculator. If you know the housing finance amount you are eligible for and the EMI against your loan.

EMI Calculator Loan Eligibility calculator 

LIC Housing Finance required Documents

KYC documents:

  • Pan Card
  • Aadhaar Card
  • For the NRIs, a passport is required
  • Proof of residence

Income documents:

  • Salary slips and Form No.16 for salaried
  • Last 3 years returns of income tax along with financials for self-employed or professionals
  • Bank statements for the last 6 to12 months

Property Documents (in case if the property is identified):

  • Proof of ownership of the property
  • In the case of flats, the allotment letter is required of the builder/society
  • Up to date tax paid receipt

LIC Housing Finance Share Price and Details

For LIC Housing Finance Share Price and Details, visit Here.


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