LIC Home Loan at very low interest rate, Apply online at

In today’s fast-paced world, owning a home is a dream that many cherish. The LIC Home Loan 2023 is here to turn that dream into a reality.

Eligible and interested citizens who are interested in can check details and apply for LIC Home Loan at very low interest rate at

Introduction: Owning a home is a dream cherished by many, and with LIC Home Loans in 2023, that dream can become a reality.

LIC Housing Finance Limited, a subsidiary of Life Insurance Corporation of India, has been a trusted name in the financial sector for decades.

In this page, we will explore everything you need to know about LIC Home Loans in 2023, making your path to homeownership smoother than ever.

Benefits of Choosing LIC

When considering a home loan, LIC offers several compelling advantages. Firstly, LIC is renowned for its reliability and customer-centric approach.

You can trust LIC to provide transparent and fair dealings throughout your home loan journey. Additionally, LIC offers competitive interest rates, making your EMI more affordable.

Types of LIC Home Loans

LIC provides a variety of home loan options to cater to different needs. Whether you’re a first-time homebuyer, looking to renovate your existing home, or need financial support to construct your dream house, LIC has a solution for you. They offer loans for purchasing, construction, repair, and renovation.


LIC Housing Finance Limited (LICHFL) offers affordable home loan options ranging from Rs.1 lakh to Rs.15 crore at attractive interest rates starting from 6.66% p.a. and with flexible tenures going up to 30 years.

The applicable processing fee is up to 0.50% of the loan amount plus GST depending. LIC HFL also offers housing loan schemes for NRIs and pensioners at competitive rates of interest.

Buying a Home is the costliest purchase in one’s life and it is equally important to choose a Home Loan partner who will look beyond loan transactions.

Typically Home loans being 20-30 years tenure, the terms should be easy to understand and process simplified with utmost transparency. It’s that sense of security one feels when taking loan from LIC HFL.

Life Insurance of India HFL Home loans exciting features as follows, Skilled Professionals to guide you through the process by providing door step service. Pan India presence and overseas offices at Dubai & Kuwait.

Competitive Interest Rates. Different loan schemes to suit your needs such as loans for Construction / Purchase / Repairs / Renovation / Extension / Plot purchase / Loan against Property / Loans to Professionals etc. Loan Approval based on your financials to help you choose property as per your Budget. No hidden cost.

LIC Home Loan
LIC Home Loan

LIC Housing Loan Details

LIC Housing LoanDetails
Loan AmountRs.1 lakh – Rs.15 crore
Interest rate6.90% p.a. onwards
Current LHPLR14.70%
Processing Fees0% – 0.50%
Max Repayment Tenure30 Years
Loan Eligibility CalculatorLIC Housing Loan Eligibility Calculator
EMI CalculatorLIC Housing Loan EMI Calculator
LIC Housing WebsiteLIC Housing Loan Details
Apply OnlineApply for LIC Housing Loan
LIC Housing Details

Eligibility for LIC Housing Loan

In order to avail a home loan from LIC HFL you need to fulfil certain eligibility criteria. Your eligibility for the loan is ascertained on the basis of your credit score, income, repayment capacity, etc. The basic criteria which need to be fulfilled is listed in the table below:

Eligibility ItemDetails
Max AgeSalaried: 50 Years; Self-employed: 75 Years
Credit ScoreMinimum 600
Income30,000 p.m.
NationalityResident and Non-resident Indian
Work Experience2 Years
Eligibility for LIC Housing Loan

LIC HFL Home Loan Features

  • Online Home loan sanction facility
  • Quick sanction and low EMI
  • Simple documentation
  • Maximum Tenure of 30 years or attainment of 60 years whichever is earlier
  • Amongst the lowest rate of interest
  • No Pre-Payment penalty
  • Available for construction / purchase of house or flat from private developer or housing boards and repairs/renovation to the existing properties
  • Takeover or balance transfer of existing Home Loans possible

Documents Required for LIC Housing Loan

Listed below are the documents which needs to be submitted when applying for a LIC HFL Home loan:For Salaried Individuals

  • Income Proof
    • Salary slips
    • Form 16
    • Bank statements for last 6 to 12 months
  • For Self-Employed
    • Bank statements for last 6 to 12 months
    • Income tax returns for last 3 years along with financials.
    • Common Documents for Salaried and Self-Employed
Document TypeDocument Required
Address and Identity ProofPAN Card
Aadhaar Card
Driving License
Property DocumentsUp to date tax paid receipt
Allotment letter of builder or society in case of flats
Ownership proof of property

How to Apply for LICHFL Home Loan

You can avail a home loan from LIC Housing Finance Limited by applying through any of the methods mentioned below:

  1. Through the official website: 
    • You can apply for the home loan through the official website, LIC HFL Official website.
    • First, you need to do is visit and click on ‘Home Loan’ on the main page.
    • Next click on ‘Online Loan Application’ and follow the on-screen instructions.
    • You can also track your LIC loan application through the website.
  2. By visiting a branch: 
    • You can make an application by visiting a nearest branch.
    • You can approach an executive to guide you through the entire application process.

LIC Home Loan Interest Rate 2023

LIC HFL offers a variety of home loan schemes for salaried and self-employed individuals. Listed below are all the home loan schemes which can be availed by the customers.

  • For purchase of ready to move homes or under construction ones.
  • Can avail loan up to Rs.3 crore
  • Maximum loan term can be extended by 10 years post retirement

LIC HFL home loan interest rates start at 6.90% p.a. The rates vary from scheme to scheme and depends on your type of employment, i.e., salaried or self-employed. There are a number of home loan schemes offered by LIC Housing Finance. The interest rates for all the schemes are listed in the table below:

LIC Housing Loan SchemeInterest Rate for salariedInterest Rate for Self-employed
LIC HFL Home Loan6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Griha Varishtha6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Griha Suvidha7.15% p.a. – 7.95% p.a.7.25% p.a. – 8.05% p.a.
LIC HFL Home Loan for NRI6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Home Construction Loan6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Home Extension Loan6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Home Renovation Loan6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Home Loan Top Up8.50% p.a. – 9.00% p.a.8.50% p.a. – 9.00% p.a.
LIC HFL “Pay when you Stay”6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL 6 EMI Waiver6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LIC HFL Advantage Plus6.90% p.a. – 7.80% p.a.7.00% p.a. – 7.90% p.a.
LICHFL Home Loan Interest Rate details

Note that Pay When You Stay, 6 EMI Waiver and Advantage Plus are part of LIC HFL’s special offers.

LIC Housing Loan Fees and Charges

Home Loan FeeDetails
Processing FeeUp to Rs.0.50%
Statutory ChargesRs.250 – Rs.1,000
Rewriting ChargesRs.2,500
Cheque Bounce ChargesRs.350
ECS Dishonour ChargesRs.200
Document Retrieval ChargesRs.2,500
Providing List of DocumentsRs.500
Photocopies of Title DocumentsRs.1,000
Late EMI Payment Charges1.5% – 2% p.m.
LIC Housing Loan Fees and Charges

Note: Additional service tax will be applicable.

FAQs (Frequently Asked Questions)

What is the maximum loan amount I can avail under LIC Home Loan 2023?

The maximum loan amount depends on various factors, including your income, creditworthiness, and property value. LIC Housing Finance will assess your eligibility and provide the maximum loan amount accordingly.

Can I switch from a fixed interest rate to a floating rate or vice versa during my loan tenure?

Yes, LIC Home Loan 2023 offers the flexibility to switch between fixed and floating interest rates during the tenure of your loan. However, certain terms and conditions may apply.

Are there any tax benefits associated with LIC Home Loan 2023?

Yes, you can avail of tax benefits on both the principal and interest components of your home loan repayment under Section 80C and 24(b) of the Income Tax Act.

What is the minimum and maximum loan tenure available for LIC Home Loan 2023?

LIC Home Loan 2023 offers flexible loan tenures ranging from 1 to 30 years. You can choose a tenure that suits your repayment capacity.

How can I apply for LIC Home Loan 2023?

To apply for LIC Home Loan 2023, gather the required documents, visit the LIC Housing Finance website, and fill out the online application form. LIC Housing Finance will then verify your application and documents before disbursing the loan amount.


LIC Home Loans in 2023 provide an excellent opportunity for aspiring homeowners. With competitive rates, flexible terms, and the trust associated with LIC, your journey towards owning your dream home becomes hassle-free.

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