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Home Loan At Interest Starting as low as

6.66%
& 0% processing fee in BT

Check your eligibility for loans.

Special Processing Fee
Digital Sanction In Few Steps
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EMI as low as ₹ 649 per lakh*
Simple Documentation

Features & Benefits

About Housing Loan

Housing Loan is a stepping stone in realizing your dream home. LIC HFL offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility.

Frequently Asked Questions

Buying a house is a dream for many and involves a lot of financial planning. LIC Home Loans makes it simpler for those who want to realise this dream.

LIC HFL Home Loan Features

  • Home Loan
  • Loan against Property
  • Balance Transfer + Top Up
  • Both Fixed & Floating Rates Available
  • Housing Finance Expertise of more than 32 yrs
  • Fair & Transparent Business Practices

Special Features

  • Attractive Interest Rates
  • Tenor up to 30 years
  • Monthly Reducing Balance
  • Simple Documentation
  • Maximum Funding
  • Fees on prepayment : Nil
SALARIED:
  1. Application form completed with 2 photograph duly filled in and signed
  2. ID Proof : PAN CARD
  3. Residence Proof : Latest Telephone bill / Bank Statement containing address for last 6 months / Electricity bill / Ration card / Letter from Employer
  4. Salary slips for last 3 months
  5. Latest Form 16
  6. Copy of Appointment Letter with Latest CTC & Confirmation Letter
  7. Original Bank Statement / Passbook of salary A/C for last 6 months (updated)
  8. Highest Qualification Proof
  9. Previous Employment details if applicant is in probation
  10. Investment Proof
  11. Processing Fees Cheque
  12. Repayment Track Record if any
SELF EMPLOYED / PROFESSIONAL:
  1. Application form completed with 2 photograph duly filled in and signed
  2. ID Proof : PAN CARD / PASSPORT / VOTER ICARD / Employer ID Card / Driving license
  3. Residence Proof : Latest Telephone bill / Bank Statement containing address for last 6 months / Electricity bill / Ration card
  4. Last 3 years ITRs ( SARAL, Computation of income, Profit & Loss A/c, Balance Sheet, TDS Certificates ( if applicable ), Tax Paid Challans
  5. In case of Partnership firm : ITRs for last 3 years and Partnership Firm
  6. In case of company : Audit Reports for last 3 years and MOA & AOA
  7. Bank Statement / Passbook of Current & SB A/C for last 6 months ( updated )
  8. Alternate Business Proof (Shop Registration Certificate Certificate etc.)
  9. Processing Fees Cheque.
IN CASE OF TAKE OVER:
  1. Outstanding loan quotation
  2. Repayment Track Record
  3. List of Documents
  4. NOC for take over
  5. Copies of Property Agreement
  6. Sanction plan copy ( Blue Print )
NIR
  1. Copy of Passport, Visa, Service Contract, Salary slip ( all duly attested by Indian embassy / Notary / HFL Officials / Bank )
  2. GPA (GENERAL POWER OF ATTORNEY ) in our format ( all duly attested by Indian embassy /Notary / HFL Officials / Bank )
  3. Bank Statement for past one years of recent employment
  4. NRI Bank Statement for 6 months
  5. And see list of salaried documents

NOTE: # above mentioned income documents are required for the Co-applicant also if His/her income is considered.

E or F or G or H whichever applicable

E) For Purchase of New Flats from Builders/ Promoters:
  1. Agreement to sale with builder and the Registration Receipts.(2 copies)
  2. Blue print of the building plan attested by the corporation/ Town Planning authority and the commencement Certificate. The applicant flat should be marked in red colour for easy identification.
  3. N.A. Permission and ULC order copy.
  4. Title investigation report for last 12 years (Search report for 12 yrs. Conducted within one year.
  5. Development Agreement and Power of Attorney / sale deed in favour of the builder.
  6. Receipts of payments made to the builder.
  7. 7/12 OR CTS extract OR Property card.
  8. NOC from builder in prescribed format.
  9. Completion Certificate, if obtained.
  10. Society documents mentioned below under (I). ( if applicable )
F) For Purchase of Resale Flat:
  1. Agreement to sale with the vendor and the Registration Receipt. (2 copies).
  2. Agreement to sale between vendor and the builder and its Registration receipt.
  3. Copy of the conveyance deed between builder and the society is registered.
  4. Receipts of payments made to the vendor.
  5. Documents 2, 3, and 4, 5, 7, 8, 9, 10, of point (E).
G) For construction / Extension / Renovation of House:
  1. Sale deed / Lease deed and its Registration.
  2. 7/12 extract and the Index II.
  3. Demarcation / Layout certification
  4. Abstract & Detailed Estimate for construction / extension prepared & certified by a Licensed Surveyor / Architect.
  5. Documents 2, 3,4,10, of point (E) above.
H) For Plots / Houses / Flats allowed by MHADA / PCNTDA / MIDC / MHB
  1. Allotment letter.
  2. NOC from the body.
  3. Additional certificate ( in PCNTDA ) cases only).
  4. Lease deed & its Registration receipts.
  5. Blue print of the sanction building plan and commencement certificate attested by the sanctioning authority.
  6. Receipts of payment made to the body.
I) In point E, F, G & H above, if the flat / house is located in a registered society, the following. Additional Documents are to be submitted:
  1. Society Registration Certificate
  2. Society Bye-laws.
  3. Share Certificate.
  4. Letter of allotment of flat / house / plot.
  5. Letter of allotment of flat / house / plot.
  6. Society NOC. (prescribed format available with our office)
In case of Builder APF or Reference
  1. Agreement to sale with builder and the Registration Receipts.
  2. Blue print of the building plan attested by the corporation/ Town Planning authority and the commencement Certificate. The applicant flat should be marked in red colour for easy identification.
  3. Receipts of payments made to the builder. If cheque Payment then Bank clearance required.
  4. NOC from builder in prescribed format.
  5. Builder Demand Letter
Rate of Interests (Floating - Linked to LHPLR) Current LHPLR - 14.70% Griha Siddhi /Apna Ghar/ Advantage Plus (Housing Component)/2020 Homecoming
Loan Slab CIBIL Score Salaried & Professional Non-Salaried & Non Professional
Upto Rs. 50 Lakhs CIBIL >= 700 6.66% 6.76%
CIBIL 650 – 699 7.10% 7.20%
CIBIL 600 - 649 7.30% 7.40%
CIBIL < 600 7.50% 7.60%
Loan Slab CIBIL Score Salaried & Professional Non-Salaried & Non Professional
50 Lakhs to Rs. 1 Cr CIBIL >= 700 6.90% 7.00%
CIBIL 650 – 699 7.30% 7.40%
CIBIL 600 - 649 7.60% 7.70%
CIBIL < 600 7.70% 7.80%
Loan Slab CIBIL Score Salaried & Professional Non-Salaried & Non Professional
Rs. 1 Crs to Rs. 3 Crs CIBIL >= 700 6.90% 7.00%
CIBIL 650 – 699 7.40% 7.50%
CIBIL 600 - 649 7.70% 7.80%
CIBIL < 600 7.70% 7.80%
Loan Slab CIBIL Score Salaried & Professional Non-Salaried & Non Professional
Rs. 3 Crs to Rs. 15 Crs CIBIL >= 700 6.90% 7.00%
CIBIL 650 – 699 7.50% 7.60%
CIBIL 600 - 649 7.70% 7.80%
CIBIL < 600 7.80% 7.90%

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Frequently Asked Questions

You can apply for Home Loan through our website or visit the nearest branch.
Banks and financial institutions, in general, calculate Equated Monthly Instalment (EMI) of a Home Loan through a common mathematical formula. Hence, EMI is calculated basis loan amount, tenure and interest rate. Bank will take the outstanding loan amount at the end of each month and multiply it by the interest rate that applies to your loan, then divide that amount by 12.
Funds provided to an individual / entity for purchase construction extension or renovation of a residential property is called a Home Loan.
Documents required for applying for Home Loan are loan application form, address proof, identify proof and your financial documents.

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