LIC Home Loan | LIC Home Loan Interest Rate | Complete Details - BankBazaar
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LIC Home Loan

LIC Housing Finance offers home loans at an attractive rate of interest to both salaried and self-employed applicants.

LIC Housing Finance Home Loan Types

  1. LIC Griha Prakash and Griha Laxmi Loans : Purchase a new or resale property, or to construct a home.
  2. LIC Griha Sudhar Loan : Repair an existing home, or to refurbish it (ex. painting, plumbing,electrical work etc)
  3. LIC Griha Prakash Loan : Extend an existing home by adding additional rooms or storeys.
Details of LIC Housing Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Monthly reducing balance) 8.75% to 9.50% floating
Processing Fees 1% of loan amount
Loan Tenure 1 year to 20 years
Amount Funded Up to 85% of property value
Partial Pre-payment Charges Nil
Pre-closure Charges 2% of pre-closed amount
Guarantor Requirement Guarantor required
Documents
  • Sanction letter/Sale agreement copy
  • 2 years bank statements
  • Residential proof (Ration card, latest electricity bill, phone bill, credit card bill)
  • Salary certificate and Form 16(only for Salaried)
  • 3 years IT returns(only for Self employed)
  • Salary certificate or IT returns of guarantor

Recently made loan offers
Rs.26.10 lakhs for Rs.22,239 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,017,385

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,028,415

Submitted 7 minutes ago
Rs.25.30 lakhs for Rs.21,557 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 2,924,898

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 2,935,928

Submitted 11 minutes ago
Rs.33.30 lakhs for Rs.28,374 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,961,398

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,972,428

Submitted 49 minutes ago
 
Some fields are incorrect or have not been filled in. Please correct this to proceed.
Include only the following components of cost: Basic Selling Price, car parking (covered/open), electricity/water charges, Internal Development Charges (IDC), External Development Charges (EDC), Preferential Location Charges (PLC), Stamp duty and registration charges.
As per the Agreement to Sale or as per the Registered Sale Deed value, whichever is higher.
Cost of construction as per engineering estimate.
Current outstanding balance on the home loan you wish to transfer.
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Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
 / 
 / 
Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
The information I have provided is accurate. I understand that final credit approval is at the sole discretion of the financial institution.