Housing finance company · Home Loan
LIC Housing Finance Home Loan 2026
LIC Housing Finance, promoted by Life Insurance Corporation of India, is one of the largest housing finance companies and prices loans by credit score. Interest rate 7.15% – 9.50%, tenure Up to 30 years.
Rates as of 2026 (aggregator, Jun 2026) · Checked 30 September 2026Interest rate
7.15%
up to 9.50%EMI on ₹50,00,000 (20 yrs)
₹39,216
LIC Housing Finance Home Loan at a glance
Interest rate7.15% – 9.50%
Processing fee0.25% of loan (min ₹5,000, max ₹50,000 per Paisabazaar; BankBazaar shows max ₹15,000) + GST; nil for women borrowers under offer
Loan amount—
TenureUp to 30 years
BenchmarkLHPLR (value not published on sources checked)
Maximum ageUp to 80 years at maturity (scheme-dependent)
Lender typeHousing finance company
Rank on this site#3 of 17 by starting rate
Strengths
- Joint-lowest starting rate (7.15%) for high CIBIL scores
- Low 0.25% fee; waived for women under offer
- Long maximum age (up to 80 at maturity on some schemes)
Watch out for
- Rate rises sharply below CIBIL 700 (up to 9.50%)
- Priced off its own LHPLR, not the repo rate — cuts may pass through slower
LIC HFL home loan interest rate & charges
| Feature | LIC HFL |
|---|---|
| Interest rate | 7.15% – 9.50% |
| Rate details | Salaried with CIBIL 825+: 7.15% (loans up to ₹5 crore); CIBIL 750 – 774: 7.45% – 7.75%; CIBIL 600 – 699: 8.75% – 9.50%. Self-employed from 7.25%. Fixed from 8.50%. |
| Processing fee | 0.25% of loan (min ₹5,000, max ₹50,000 per Paisabazaar; BankBazaar shows max ₹15,000) + GST; nil for women borrowers under offer |
| Loan amount | — |
| Tenure | Up to 30 years |
| Prepayment / foreclosure | Nil on floating-rate loans; 2% on fixed-rate loans unless prepaid from own funds |
| Benchmark | LHPLR (value not published on sources checked) |
| Maximum age | Up to 80 years at maturity (scheme-dependent) |
| LTV | 90% up to ₹30 lakh; 80% ₹30 – 75 lakh; 75% above ₹75 lakh |
Special schemes & features
Griha Suvidha
Home loan for borrowers with non-standard income
Griha Prakash
Home loan variant
Griha Shobha
Home improvement / renovation
Griha Bhoomi
Loan to buy a residential plot
Source: www.paisabazaar.com, 2026 (aggregator, Jun 2026). Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at LIC HFL’s rates
| Loan amount | EMI @ 7.15% | EMI @ 8.33% | EMI @ 9.50% |
|---|---|---|---|
| ₹25,00,000 | ₹19,608 | ₹21,427 | ₹23,303 |
| ₹50,00,000 | ₹39,216 | ₹42,855 | ₹46,607 |
| ₹75,00,000 | ₹58,825 | ₹64,282 | ₹69,910 |
Tenure 20 years, reducing-balance method. Total interest on ₹50,00,000 at 7.15%: ₹44,11,939.
LIC HFL home loan EMI calculator
Eligibility
- Resident Indians and NRIs; minimum age usually 18 – 21
- Maximum age at loan maturity typically 60 – 75 depending on lender and employment (e.g. Canara/PNB 70, Bandhan 75, some LIC HFL schemes 80)
- Regular income: salaried, self-employed professional or self-employed business owner; informal-income borrowers at affordable-housing lenders
- Credit score: 750+ usually gets the best rates (LIC HFL’s lowest rate needs 825+)
- Total EMIs (including the new loan) generally within 50% – 60% of net monthly income
- Property with clear, marketable title and approved plan; loan limited by RBI LTV caps (90% / 80% / 75%)
Documents required
- KYC: PAN (mandatory), Aadhaar / passport / voter ID, address proof, photographs
- Salaried: last 3 salary slips, Form 16 (2 years), 6 months’ salary bank statement
- Self-employed: ITR with computation (2 – 3 years), CA-certified P&L and balance sheet, business proof (GST / Udyam / licence), 12 months’ bank statements
- Property: sale agreement / allotment letter, title chain, approved plan, RERA registration, OC/CC or builder NOC, encumbrance certificate, tax receipts
- Own-contribution receipts and existing loan statements (if any)
- For balance transfer: sanction letter, 12 months’ repayment track, list of documents held by current lender
How to apply for LIC Housing Finance Home Loan
- Check eligibility & compareUse the eligibility calculator and compare APR, not just the headline rate.
- Apply with documentsOnline or at a branch; pay the processing / login fee.
- Appraisal & sanctionLender checks credit score, income and FOIR, then issues a sanction letter and Key Facts Statement with APR.
- Legal & technical checkTitle search, encumbrance, approvals and valuation of the property.
- Agreement & mortgageSign the loan agreement; deposit original title deeds (equitable mortgage) or register a mortgage deed as the state requires.
- DisbursalPaid to the seller/builder — in one go for ready homes or in stages for under-construction projects.
LIC HFL vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹50,00,000 |
|---|---|---|---|---|
| Indian Overseas Bank Home Loan | 7.10% – 8.20% | 0.50% of loan (max ₹25,000) + GST | Up to 30 years | ₹39,066 |
| Canara Bank Home Loan | 7.15% – 10.00% | 0.50% of loan (max ₹10,000) + GST | Up to 30 years | ₹39,216 |
| LIC Housing Finance Home Loan | 7.15% – 9.50% | 0.25% of loan (min ₹5,000, max ₹50,000 per Paisabazaar; BankBazaar shows max ₹15,000) + GST; nil for women borrowers under offer | Up to 30 years | ₹39,216 |
| PNB Home Loan | 7.25% – 9.65% | 0.35% of loan (min ₹2,500, max ₹15,000) + GST; waived in some festive campaigns | Up to 30 years | ₹39,519 |
| SBI Home Loan | 7.25% – 8.55% | 0.35% of loan + GST (min ₹5,000, max ₹15,000 per Paisabazaar; BankBazaar shows ₹3,000 – ₹12,000); nil for Privilege and Shaurya | Up to 30 years | ₹39,519 |
| IDBI Bank Home Loan | 7.40% – 11.90% | 0.50% + taxes (aggregator); product page shows ₹2,500 – ₹5,000 + taxes; waived for balance transfer / PMAY | Up to 30 years | ₹39,974 |
| Kotak Mahindra Bank Home Loan | 7.60% onwards | Up to 2% + GST (nil on some online applications) | Up to 20 years (as listed by source) | ₹40,586 |
| HDFC Bank Home Loan | 7.75% – 13.20% | Up to 0.50% of loan, minimum ₹4,000 (aggregator) + GST | Up to 30 years | ₹41,047 |
| PNB Housing Finance Home Loan | 7.90% – 12.00% | Up to 1% + GST | Up to 30 years (NRI up to 15 years) | ₹41,511 |
| Tata Capital Home Loan | 8.00% – 13.00% | Up to 3% + GST (aggregator offer: ₹999 + GST) | Up to 30 years | ₹41,822 |
| Axis Bank Home Loan | 8.20% – 9.10% | Up to 1% of loan or ₹10,000, whichever is higher, + GST (Asha: 1% – 2% + GST) | Up to 30 years | ₹42,446 |
| Bandhan Bank Home Loan | 8.55% – 13.52% | Up to 1% + GST | Up to 30 years | ₹43,550 |
| Sammaan Capital (formerly Indiabulls Housing Finance) Home Loan | 8.75% onwards | 0.50% onwards + charges | Up to 15 years (per source; confirm with lender) | ₹44,186 |
| YES Bank Home Loan | 9.00% – 11.50% | 1.5% + GST or ₹10,000, whichever is higher (BankBazaar); CreditMantri shows 0.5% or ₹10,000 | Up to 35 years | ₹44,986 |
| Truhome Finance (formerly Shriram Housing Finance) Home Loan | 9.50% onwards | As per MITC (aggregator: up to 1.5% + GST) | Up to 25 years | ₹46,607 |
| Piramal Finance Home Loan | 9.99% onwards | Up to 3% + taxes | Up to 30 years | ₹48,218 |
| Aadhar Housing Finance Home Loan | 11.75% – 17.00% | Typically 0.5% – 1% (aggregator: up to ₹3,500 + GST) | Up to 30 years | ₹54,185 |
Frequently asked questions
What is the LIC Housing Finance Home Loan home loan interest rate?
LIC HFL home loan rates start at 7.15% and go up to 9.50% p.a. (as of 2026 (aggregator, Jun 2026)). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹50,00,000 from LIC HFL?
At 7.15% for 20 years the EMI is about ₹39,216, with total interest of ₹44,11,939.
What is the processing fee?
LIC HFL: 0.25% of loan (min ₹5,000, max ₹50,000 per Paisabazaar; BankBazaar shows max ₹15,000) + GST; nil for women borrowers under offer. GST at 18% applies on fees.
What is the maximum tenure?
LIC HFL: Up to 30 years.
Can I prepay or foreclose the loan?
LIC HFL: Nil on floating-rate loans; 2% on fixed-rate loans unless prepaid from own funds.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with LIC Housing Finance Home Loan. Terms change — confirm with the lender.