Life Insurance Corporation (LIC of India) provides attractive home loan schemes to help individuals achieve their dream of homeownership. The interest rates on LIC home loans start from 8.25% up to Rs. 5 Crore, varying based on factors such as the amount of the loan, tenure, and the applicant's CIBIL score.
Read moreLet’s discuss the current LIC home loan interest rates, their types, application procedures and factors influencing these LIC interest rates.
LIC HFL offers different interest rates based on the customer’s CIBIL score, the amount of the loan, the applicant’s occupation, and the type of home loan scheme provided by LIC Housing Finance.
Loan Slab | Salaried | Non-Salaried |
Up to Rs 5 crore | 8.25% p.a. | 8.50% p.a. |
More than Rs 5 crore to Rs 15 crore | 8.50% p.a. | 8.75% p.a |
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Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.35% p.a. | 8.60% p.a. |
More than 50 lakh & up to Rs 2 crore | 8.40% p.a. | 8.65% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 8.50% p.a. | 8.75% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.40% p.a. | 8.65% p.a. |
More than 50 lakh & up to Rs 2 crore | 8.45% p.a. | 8.70% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 8.55% p.a. | 8.80% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.55% p.a. | 8.80% p.a. |
More than 50 lakh & up to Rs 2 crore | 8.60% p.a. | 8.85% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 8.70% p.a. | 8.95% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.90% p.a. | 9.15% p.a. |
More than 50 lakh & up to Rs 2 crore | 8.95% p.a. | 9.20% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 9.05% p.a. | 9.30% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 9.55% p.a. | 9.65% p.a. |
More than 50 lakh & up to Rs 2 crore | 9.75% p.a. | 9.85% p.a. |
More than Rs 2 crore & up to Rs 15 crore | 9.90% p.a. | 10.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 10.00% p.a. | 10.10% p.a. |
More than Rs 50 lakh & up to Rs 2 crore | 10.20% p.a. | 10.30% p.a. |
More than Rs 2 crore & up to Rs 5 crore | 10.40% p.a. | 10.50% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 2 crore | 8.75% p.a. | 8.85% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 2 crore | 9.25% p.a. | 9.35% p.a. |
The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by Life Insurance Corporation of India:
Enjoy the dual benefit of tax deductions under Section 80C and comprehensive insurance coverage with LIC’s tax-saving policies.
Explore LIC's top-performing plans, which provide the perfect blend of investment growth and insurance protection to achieve your financial aspirations.
Ensure a peaceful and financially stable retirement with LIC plans offering guaranteed returns, life cover, and regular income options.
Protect and plan your child’s education, marriage, and future goals with LIC’s specialized child insurance plans that combine savings and life cover.
LIC offers plans tailored for women, focusing on their unique needs. These plans include savings, life cover, and financial independence to secure a brighter future.
Loan Slab | Salaried | Non-Salaried |
Up to Rs 5 crore | 8.45 % p.a. | 8.70% p.a. |
Above Rs 5 crore to Rs 15 crore | 8.70% p.a. | 8.95% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.55% p.a. | 8.80% p.a. |
Above Rs 50 lakh to Rs 2 crore | 8.60% p.a. | 8.85% p.a. |
Above Rs 2 crore to Rs 15 crore | 8.70% p.a. | 8.95% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.60% p.a. | 8.85% p.a. |
Rs 50 lakh- Rs 2 crore | 8.65% p.a. | 8.90% p.a. |
Rs 2 crore- Rs 15 crore | 8.75% p.a. | 9.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 8.75% p.a. | 9.00% p.a. |
Rs 50 lakh - Rs 2 crore | 8.80% p.a. | 9.05% p.a. |
Rs 2 crore - Rs 15 crore | 8.90% p.a. | 9.15% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 9.10% p.a. | 9.35% p.a. |
Rs 50 lakh - Rs 2 crore | 9.15% p.a. | 9.40% p.a. |
Rs 2 crore - Rs 15 crore | 9.25% p.a. | 9.50% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 50 lakh | 9.75% p.a. | 9.85% p.a. |
Rs 50 lakh - Rs 2 crore | 9.95% p.a. | 10.05% p.a. |
Rs 2 crore - Rs 15 crore | 10.10% p.a. | 10.20% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 2 crore | 8.95% p.a. | 9.05% p.a. |
Loan Slab | Salaried | Non-Salaried |
Up to Rs 2 crore | 9.45% p.a. | 9.55% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakhs - Rs 3 crore | 8.50% p.a. | 8.75% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 8.60% p.a. | 8.85% p.a. |
Rs 50 lakh - Rs 2 crore | 8.65% p.a. | 8.90% p.a. |
Rs 2 crore - Rs 3 crore | 8.75% p.a. | 9.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 8.65% p.a. | 8.90% p.a. |
Rs 50 lakh - Rs 2 crore | 8.70% p.a. | 8.95% p.a. |
Rs 2 crore - Rs 3 crore | 8.80% p.a. | 9.05% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 8.80% p.a. | 9.05% p.a. |
Rs 50 lakh - Rs 2 crore | 8.85% p.a. | 9.10% p.a. |
Rs 2 crore - Rs 3 crore | 8.95% p.a. | 9.20% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 9.15% p.a. | 9.40% p.a. |
Rs 50 lakh - Rs 2 crore | 9.20% p.a. | 9.45% p.a. |
Rs 2 crore - Rs 3 crore | 9.30% p.a. | 9.55% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 9.80% p.a. | 9.90% p.a. |
Rs 50 lakh - Rs 2 crore | 10.00% p.a. | 10.10% p.a. |
Rs 2 crore - Rs 3 crore | 10.15% p.a. | 10.25% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 10.25% p.a. | 10.35% p.a. |
Rs 50 lakh - Rs 2 crore | 10.45% p.a. | 10.55% p.a. |
Rs 2 crore - Rs 3 crore | 10.65% p.a. | 10.75% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 2 crore | 9.00% p.a. | 9.10% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 2 crore | 9.50% p.a. | 9.60% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 3 crore | 8.75% p.a. | 9.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 8.85% p.a. | 9.10% p.a. |
Rs 50 lakh - Rs 2 crore | 8.90% p.a. | 9.15% p.a. |
Rs 2 crore - Rs 3 crore | 9.00% p.a. | 9.25% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 8.90% p.a. | 9.15% p.a. |
Rs 50 lakh - Rs 2 crore | 8.95% p.a. | 9.20% p.a. |
Rs 2 crore - Rs 3 crore | 9.05% p.a. | 9.30% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 9.05% p.a. | 9.30% p.a. |
Rs 50 lakh - Rs 2 crore | 9.10% p.a. | 9.35% p.a. |
Rs 2 crore - Rs 3 crore | 9.20% p.a. | 9.45% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 9.40% p.a. | 9.65% p.a. |
Rs 50 lakh - Rs 2 crore | 9.45% p.a. | 9.70% p.a. |
Rs 2 crore - Rs 3 crore | 9.55% p.a. | 9.80% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 50 lakh | 10.05% p.a. | 10.15% p.a. |
Rs 50 lakh - Rs 2 crore | 10.25% p.a. | 10.35% p.a. |
Rs 2 crore - Rs 3 crore | 10.40% p.a. | 10.50% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 2 crore | 9.25% p.a. | 9.35% p.a. |
Loan Slab | Salaried | Non-Salaried |
Rs 10 lakh - Rs 2 crore | 9.75% p.a. | 9.85% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 3 crore | 9.50% p.a. | 9.75% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 50 lakhs | 9.60% p.a. | 9.85% p.a. |
Above Rs 50 lakhs & up to Rs 2 crore | 9.65% p.a. | 9.90% p.a. |
Above Rs 2 crore & up to Rs 3 crore | 9.75% p.a. | 10.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 50 lakh | 9.65% p.a. | 9.90% p.a. |
Above Rs 50 lakh & up to Rs 2 crore | 9.70% p.a. | 9.95% p.a. |
Above Rs 2 crore & up to Rs 3 crore | 9.80% p.a. | 10.05% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 50 lakh | 9.80% p.a. | 10.05% p.a. |
Above Rs 50 lakh & up to Rs 2 crore | 9.85% p.a. | 10.10% p.a. |
Above Rs 2 crore & up to Rs 3 crore | 9.95% p.a. | 10.20% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 50 lakh | 9.90% p.a. | 10.15% p.a. |
Above Rs 50 lakh & up to Rs 2 crore | 9.95% p.a. | 10.20% p.a. |
Above Rs 2 crore & up to Rs 3 crore | 10.05% p.a. | 10.30% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 50 lakh | 10.55% p.a. | 10.65% p.a. |
Above Rs 50 lakh & up to Rs 2 crore | 10.75% p.a. | 10.85% p.a. |
Above Rs 2 crore & up to Rs 3 crore | 10.90% p.a. | 11.00% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 2 crore | 9.75% p.a. | 9.85% p.a. |
Loan Slab | Salaried | Non-Salaried |
Above Rs 10 lakh & up to Rs 2 crore | 10.25% p.a. | 10.35% p.a. |
Loan Slab | Interest Rate (p.a.) | |
With IMGC | More than 5 lakhs & up to 25 lakhs | 11.00% |
Without IMGC | 11.25% |
CIBIL Score | Loan Slab | Interest Rate (p.a.) |
750 & above | Up to Rs 15 crore | 9.10% |
700-749 | 9.25% |
Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh |
LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. |
HDFC Bank Limited | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Bajaj Housing Finance | 8.25%-17.00% | 8.25%-17.00% | 8.25%-17.00% |
Canara Bank | 8.25% – 11.00% p.a. | 8.20% – 11.00% p.a. | 8.15% – 10.90% p.a. |
SBI | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. |
Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
Punjab National Bank | 8.20% - 10.00% p.a. | 8.15% - 9.90% p.a. | 8.15% - 9.90% p.a. |
Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Punjab & Sind Bank | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. |
Federal Bank | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards |
RBL Bank | 9.00% p.a. onwards | 9.00% p.a. onwards | 9.00% p.a. onwards |
Bank of Baroda | 8.15% - 10.40% p.a. | 8.15% - 10.40% p.a. | 8.15% - 10.65% p.a. |
PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
Aditya Birla Capital | 8.60% onwards | 8.60% onwards | 8.60% onwards |
IDBI Bank | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards |
Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% onwards | 8.75% onwards | 8.75% onwards |
To apply for an LIC Home Loan, follow these simple steps to complete your application process smoothly.
If you are a new customer:
Step 1: Enter basic details such as First and Last name, contact number, property location and preferred area.
Step 2: Check the confirmation box.
Step 3: Click on “Get Started”
If you are an existing customer:
Step 1: Go to the official LIC Housing Finance website.
Step 2: Go to “Customer Login” on the top right corner and select “Home Loans” option.
Step 3: The "Customer Portal" page will open where you can login through a Username or a Loan/Application number.
Step 4: Provide the DOB in the form and enter Captcha.
Step 5: Click "Submit".
The processing fees for different LIC home loans, including Griha Shobha, Griha Prakash, Griha Bhoomi, Griha Suvidha Asha, Griha Suvidha, New Face Lift,and Advantage Plus (Housing loan component) are outlined below:
Loan Slab | Processing fee |
Up to Rs 1 crore | 0.25% of the loan amount (maximum Rs 15,000) |
Rs 1 Cr and upto Rs 2 Cr | Rs 20,000 |
Rs 2 Cr and upto Rs 5 Cr | Rs 25,000 |
Rs 5 Cr and upto Rs 15 Cr | Rs 50,000 |
Upto Rs 20 Cr for women borrowers | NIL |
Service | Charges |
Prepayment Charges | NIL, under floating and fixed rates (if paid through own sources, otherwise 2% on prepaid loan amount) |
Penal Charges | 1.50% every month on the default amount of instalments up to and inclusive of 12 months default and 1.75% per month on the defaulted/delayed instalment beyond 12 months default |
Document retrieval charges | Rs 2,500 |
Providing list of documents | Rs 500 |
Photocopies of title documents | Rs 1,000 |
Cheque bounce charges | Rs 350 |
ECS/NACH dishonour charges | Rs 200 |
There are many factors that influence the LIC housing finance mortgage loan interest rate. Some of the key factors include:
Credit Score: A higher credit score can result in a lower interest rate, while a lower score may lead to a higher rate.
Loan Amount: Larger loan amounts may provide you with lower interest rates as it spreads in longer intervals.
Loan Tenure: Longer loan tenures may come with slightly higher interest rates compared to shorter ones.
Interest Rate Type: LIC offers fixed and floating interest rates. Fixed rates remain the same, while floating rates change with market conditions.
Repo Rate: A reduction in the RBI’s repo rate may lead to lower lending rates, including home loan rates.
Co-applicants and Guarantors: Having co-applicants or guarantors with stable incomes and good credit can improve the interest rate.
Market Conditions: Economic factors like inflation can drive up interest rates.
LIC Housing Finance offers various home loans with competitive rates based on factors like loan amount, CIBIL score, and tenure. Compare LIC's rates with other lenders and consider processing fees, prepayment charges, and additional costs before choosing the best loan for you.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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