LIC Housing Finance Home Loan Interest Rate October 2026

4.5

LIC Housing Finance home loan interest rates start from 7.5% p.a. in October 2026 for salaried borrowers with a CIBIL score of 825 or above. Self-employed borrowers start at 7.5% – 11% p.a. Loan amounts go up to ₹15Cr with tenures of up to 30 Years, and the processing fee ranges Up to 1% of loan amount + GST.
LIC Housing Finance Limited (LICHFL) offers home loans under multiple schemes including Griha Varishtha for pensioners, Griha Suvidha for applicants with non-standard income documentation, and dedicated NRI and balance transfer programmes. Use the EMI calculator below to estimate your monthly outflow, or compare LIC HFL rates against SBI, HDFC Bank, and other lenders further down the page.

LIC Housing Finance Home Loan
Offer for You
7.5% - 11%
Interest Rate (p.a.)
₹1L - ₹15Cr
Tenure(1 - 30 Years)
₹2,004 - ₹2,174
EMI Per Lakh

Compare LIC Housing Finance Home Loan Interest Rates with Other Lenders

The table below showcases a comparison of LIC Housing Finance Home Loan Interest Rates with other banks and lending institutions.

Starting Interest Rate (p.a)
Processing Fee
Rating
Min. Loan Amount

karur Vysya Bank HL Interest Rate
8.5% - 10.65%
Upto 3% of the Loan Amount
4.5
₹5L - ₹3Cr
Tenure(1 - 30 Years)

CITI Bank HL Interest Rate
8% - 14%
Up to 3% of the borrowed loan amount
4.5
₹1L - ₹5Cr
Tenure(1 - 30 Years)

Reliance Capital HL Interest Rate
9.75% - 15%
Upto 5% of the loan amount
4.5
₹7.5L - ₹3Cr
Tenure(Up to 20 Years)

HDFC Sales HL Interest Rate
7.9% - 13.2%
Up to 1% of the loan amount
4.5
₹5L - ₹10Cr
Tenure(1 - 30 Years)

Home Loan

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

LIC Housing Finance Home Loan Highlights

The affordable house loan options from LIC Housing Finance Limited (LICHFL) range from 7.5% – 11%, with flexible 30 Years terms and attractive interest rates starting at 7.5% p.a. Depending on the circumstances, the processing fee is Up to 1% of loan amount + GST. For NRIs and retirees, LIC HFL also provides housing loan programmes at low interest rates.

LIC Housing Finance Home Loan Interest Rate at a Glance

Parameter	Details
Interest Rate Range	7.5% – 11%. (floating)
Fixed Interest Rate	8.50% p.a. onwards (CIBIL 750+)
Benchmark Rate	LHPLR (LIC Housing Prime Lending Rate) currently 16.90%
Processing Fee	Up to 1% of loan amount + GST
Maximum Loan Amount	Up to ₹15Cr
Maximum Tenure	30 years (salaried); 25 years (self-employed)
Loan-to-Value (LTV)	Up to 90% for loans up to ₹30 lakh; 80% for ₹30–75 lakh; 75% above ₹75 lakh
Prepayment Charges	Nil on floating-rate individual home loans
Women Borrower Concession	0.05% (5 bps) rate concession; no CIBIL required for loans up to ₹30 lakh
Minimum CIBIL for Best Rate	825 and above (salaried)

LIC HFL Home Loan Interest Rate by CIBIL Score

CIBIL Score	Indicative Interest Rate (p.a.)
750 and above	8.50%
700 – 749	8.75% – 8.95%
Below 700	Higher rates apply; consider Griha Suvidha (mortgage-guarantee backed, no strict CIBIL cutoff)
Women borrowers (loans up to ₹30 lakh)	No CIBIL score required; additional 0.05% rate concession typically applies

LIC HFL does not publish one universal CIBIL-slab card bands above are compiled from third-party trackers and can shift with LHPLR resets. Confirm your exact rate at application.

LIC Housing Finance Home Interest Rates on Loan Schemes

LIC Housing Finance Home Loan offers several schemes to its customers. Listed below are the schemes available to avail of a housing loan according to your needs. For the full current rate details, refer to the home loan interest rate page before finalising your application.

The table below shows the starting floating interest rate for each LIC Housing Finance home loan scheme, split by employment type. Actual rates depend on CIBIL score and loan amount.

Scheme	Purpose	Salaried (Starting p.a.)	Self-Employed (Starting p.a.)	Max Tenure
LIC HFL Home Loan	Purchase of ready/under-construction home	7.15%	7.25%	30 years
LIC HFL Griha Varishtha	Home loan for pensioners (6 EMI exemptions)	7.15%	7.25%	Up to age 80
LIC HFL Griha Suvidha	Mortgage-guarantee backed (relaxed documentation)	7.40%	7.50%	30 years
LIC HFL PMAY	First pucca house under Pradhan Mantri Awas Yojana	7.15%	7.25%	30 years
LIC HFL NRI Home Loan	Property purchase/construction in India for NRIs	7.15%	7.25%	30 years
LIC HFL Plot Loan	Residential plot purchase (construction within 3 years)	7.35%	7.45%	15 years
LIC HFL Home Construction	Building a new home on owned land	7.15%	7.25%	30 years
LIC HFL Home Extension	Adding rooms or extending existing property	7.15%	7.25%	30 years
LIC HFL Home Renovation	Repairs and improvements to existing home	7.15%	7.25%	30 years
LIC HFL Top-Up Loan	Additional loan on existing home loan	8.50% (new) / 9.00% (existing)	8.50% (new) / 9.00% (existing)	Remaining tenure
LIC HFL Advantage Plus	Balance transfer with 2 EMI exemptions	7.15%	7.25%	30 years

LIC HFL Interest Rates vs Other Lenders

Lender	Interest Rate Range (p.a.)
LIC Housing Finance	7.5% – 11%
SBI	7.25% – 8.45%
HDFC Bank	7.9% – 13.2%
Axis Bank	8.35% – 14%
ICICI Bank	8.5% – 11.2%
Punjab National Bank	7.2% – 10.95%
Tata Capital Housing Finance	8.5% – 16%
Bank of Baroda	7.45% – 10.2%
IDBI Bank	7.35% – 12.25%
IDFC FIRST Bank	8.85% – 10.5%

LIC Housing Finance Home Interest for Salaried and Self-Employed

LIC Housing Finance offers home loans to salaried and self-employed individuals. Use the Home Loan Eligibility Calculator to estimate your eligible loan amount before applying.

Type of Employment	Interest Rate	Processing Charges	Prepayment Charges
Salaried Employee	From 7.5% – 11% per annum onwards	Up to 1% of loan amount + GST	NA
Self-Employed Professional	From 7.5% – 11% per annum onwards	Up to 1% of loan amount + GST	NA

LIC Housing Finance Home Loan Interest for Govt Employees

LIC Housing Finance home loan interest rates for government employees are comparable to those of any other consumer in the private sector. They sometimes offer special deals on their house loan programmes and deliver competitive lending services.

LIC Housing Finance Home Loan Interest Rate for Women

LIC Housing Finance adheres to all government regulations pertaining to women to increase their empowerment and offer them better programmes. They provide a 2% government-approved stamp duty rebate on loans for women borrowers.

LIC Housing Finance Home Loan Interest Rate for NRIs

LIC Housing Finance offers home loans to NRI customers with several advantages. Interested candidates can visit the official website, supply particular information, and find out if they qualify for a pre-approved loan offer.

LIC Housing Finance Home Loan Eligibility

LIC Housing Finance home loan eligibility depends on age, income, credit score, and employment stability. The table below covers all borrower categories.

Parameter	Salaried	Self-Employed	NRI	Pensioner (Griha Varishtha)
Age (at application)	21–65 years	21–65 years	21–60 years	No minimum (tenure extends to age 80)
Age at loan maturity	Up to 65 years or retirement	Up to 65 years	Up to 60 years	Up to 80 years
Minimum Income	₹25,000/month net	₹3 lakh/year ITR	Per overseas salary certificate	Per pension certificate
Employment / Business Vintage	2 years total; 1 year current employer	3 years continuous business	2 years overseas employment	Central/State govt, PSU, or Defined Benefit Pension
Recommended CIBIL Score	700+ (825+ for best rate)	700+ (Griha Suvidha available for lower)	700+	As per standard card
Maximum Tenure	30 years	25 years	30 years	Up to age 80
LTV up to ₹30 lakh	90%	90%	90%	90%
LTV ₹30–75 lakh	80%	80%	80%	80%
LTV above ₹75 lakh	75%	75%	75%	75%

Documents Required for LIC HFL Home Loan

Document Type	Accepted Documents
Identity Proof	PAN Card, Aadhaar Card, Passport, Voter ID, Driving Licence
Address Proof	Aadhaar Card, Passport, Utility Bill (not older than 3 months), Bank Statement with address
Photograph	2 recent passport-size photographs
Property Documents	Sale agreement / allotment letter, title deed, approved building plan, encumbrance certificate, property tax receipts, NOC from society/builder

How to Calculate LIC Housing Finance Home Loan Interest?

Using the Home Loan EMI Calculator, one can accurately calculate the interest/EMI on the home loan instantly. Alternatively, use the following formula to calculate the EMI manually:

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where:

P is the principal amount
R is the interest rate charged on the home loan
N is the number of instalments over the tenure of the loan

Apply For Home Loan from LIC Housing Finance upto 5 Crore and Calculate EMIs

Example: EMI Calculated at 7.15% p.a.

Loan Amount	10 Years	15 Years	20 Years	25 Years	30 Years
₹10 lakh	11,688	9,072	7,843	7,164	6,754
₹20 lakh	23,377	18,144	15,687	14,328	13,508
₹30 lakh	35,065	27,216	23,530	21,492	20,262
₹40 lakh	46,753	36,288	31,373	28,656	27,016
₹50 lakh	58,442	45,360	39,216	35,820	33,770
₹75 lakh	87,662	68,040	58,825	53,730	50,655
₹1 crore	1,16,883	90,720	78,433	71,640	67,540

LIC Housing Finance Home Loan Interest Rates for Existing Customers

Given below are the interest rates, LTV ratio, tenure, and processing charges for existing customers:

LIC Housing Finance Home Loan Highlights	Details
Interest Rates	7.5% – 11% p.a.
Loan Amount (LTV Ratio)	90% of property value
Tenure	Up to 30 years
Processing Charges	Flat ₹3,000

Factors That Affect LIC Housing Finance Home Loan Interest Rate and EMI

Many factors affect the LIC Housing Finance home loan interest rate and EMI. Compare current rates across lenders on the home loan interest rate page to benchmark LIC Housing Finance against other lenders before deciding.

MCLR Rate

A bank can only lend money at a minimal interest rate, known as MCLR (Marginal Cost of Funds-Based Lending Rate). Operating expenses, CRR, and the marginal cost of financing play a role. The interest rate fluctuates as a result of this rate’s periodic changes.

Interest Rate Type

If you choose a floating interest rate, your rate may go up or down depending on how the repo rate fluctuates. If you choose a fixed interest rate, the rate stays the same throughout the loan tenure.

Credit Score

The credit score plays a crucial role in determining the interest rate. Lower interest rates are associated with higher scores and vice versa.

Property Location

Newer properties have better resale value and generally attract lower loan rates, whereas older homes tend to have higher interest rates due to lower resale value.

Occupation

A salaried professional typically gets a lower interest rate than a self-employed professional. Government and PSU employees are eligible for a home loan from LIC at a lower interest rate due to their stable income.

Tenure of Loan

LIC offers house loans with lower interest rates for shorter loan terms and higher interest rates for longer terms. Use the Home Loan Prepayment Calculator to estimate interest savings from making early repayments, and the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b).

How to Apply for LIC Home Loan?

Thinking about a home loan from LIC Housing Finance Limited (LIC HFL) but not sure where to start? By applying through Urban Money, you get personalised assistance at every stage of the application. Use the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b). The Home Loan Balance Transfer Calculator helps you judge whether switching to a lower-rate lender makes financial sense. Here’s how you can apply:

Go to the Urban Money homepage and find the ‘Products & Offers’ option on the menu bar at the top of the page.
Hover over the option and, from the dropdown menu that appears, select ‘Home Loans’.
Scroll down to the details about LIC Housing Finance Home Loan and click the ‘Enquire Now’ button next to it.
Fill in the form that appears with your contact details and click ‘Submit’.
An Urban Money loan expert will contact you shortly and guide you end to end through the loan application, from document collection to disbursal.

Written By

Vishesh Paliwal

Marketing Lead

Vishesh is a Marketing Lead with 6+ years of experience in the BFSI sector. His expertise spans insurance, home loans, personal loans, mutual funds, equity investments, and stock markets built through years of direct industry exposure, not just theory. He understands that financial decisions are deeply personal and consequential. Every insight he shares is held to a high standard of accuracy, reliability, and real-world relevance because when it comes to your money, only trustworthy, experience-backed guidance matters.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 5 October 2026

Frequently Asked Questions (FAQs)

What's the interest rate for LIC Housing Finance?

The interest rate for LIC Housing Finance ranges from 7.5% – 11% p.a.

Does LIC Housing Finance provide 90% of home loans?

LIC offers house loans up to 90% of the value of the property, but only if the loan amount is up to INR 30 lakh.

How can I reduce my LIC Housing Finance home loan interest rate?

One can reduce the LIC Housing Finance home loan interest rate by maintaining a good credit score, a good occupation, etc.

What is the average interest rate for a home loan in LIC Housing Finance?

The average interest rate of a LIC Housing Finance home loan is ranges from 7.5% – 11%

What interest rate do women borrowers get with LIC HFL?

Women applicants typically receive a 0.05% (5 bps) concession over the standard rate, and for loans up to ₹30 lakh, no CIBIL score is required at all provided the woman is listed as applicant or co-applicant and is either an owner/co-owner of the property or an earning member.

Are pensioners eligible for an LIC HFL home loan?

Yes, under the Griha Varishtha scheme. Pensioners including Central/State government personnel and those under Defined Benefit Pension Schemes can get tenures extending up to 80 years of age, along with 6 EMI exemptions spread across the loan term. A joint applicant (typically the spouse) is generally required.

What is the LIC HFL balance transfer interest rate?

Balance transfer rates are typically in the 8.50%-10.75% range depending on the outstanding loan amount and applicant profile, with a minimum CIBIL score of around 700 usually required to qualify for the facility.

What is the processing fee for an LIC HFL home loan?

Generally a minimum of 0.25% of the loan amount for loans up to ₹1 crore (capped around ₹15,000 in some slabs), with flat/fixed fees applying at higher loan amounts confirm the exact current fee structure on LIC HFL’s official rate page, as it varies by loan size and scheme.

Are there prepayment charges on an LIC HFL home loan?

No prepayment penalty applies on floating-rate loans, allowing borrowers to make partial or full prepayments without additional charges a detail worth confirming still holds for your specific scheme (e.g., Griha Suvidha or Advantage Plus) before prepaying.

What documents are needed for an LIC HFL home loan?

Salaried applicants need salary slips (last 3 months), Form 16, 6-month bank statements, PAN card, Aadhaar card, and property documents including the sale agreement and title deed. Self-employed applicants need 3 years of Income Tax Returns with audited financial statements, 12-month bank statements, and business registration proof. NRI applicants additionally need a valid passport with work visa, overseas employer certificate, and NRE/NRO account statements.

Can I claim tax benefits on an LIC Housing Finance home loan?

Yes. Under Section 24(b) of the Income Tax Act, you can claim up to ₹2 lakh per year on interest paid for a self-occupied property. Under Section 80C, principal repayment up to ₹1.5 lakh per year is deductible (shared with other 80C investments). Stamp duty and registration charges are also eligible under Section 80C in the year of purchase. Joint borrowers who are also co-owners can each claim these deductions independently.

What is the LIC HFL balance transfer interest rate?

LIC HFL does not offer a separate interest rate for balance transfers. Borrowers transferring an existing home loan from another lender receive the same CIBIL-based rate as new applicants, along with the standard processing fee for their loan amount slab. Under the Advantage Plus scheme, balance transfer borrowers also receive two EMI exemptions (at the end of the 5th year or during loan closure). A balance transfer is worth considering when the rate difference is at least 0.50% and the remaining tenure exceeds 5 years use the Home Loan Balance Transfer Calculator to estimate your savings.

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