LIC Housing Finance Limited (LIC HFL) is an Indian housing finance company which provides housing loans to individuals, builders, development authorities, employer’s organisations, etc.

LIC Home Loan Interest Rates

LIC Home Loan Details

Interest Rate (Floating) 9.90% to 9.60%

Processing Fees Rs.10000 + S.T for loan amounts upto 50 lacs and Rs.15000 + S.T for loan amounts above 50 lacs

Loan Tenure 5 years to 30 Years

Guarantor Requirement No guarantor required

Pre Closure Charges Nil

Partial Pre Payment Charges Nil

Documents required

Documentation needed to apply for an LIC Home Loan

1. Signed application form with photograph

2. ID and residence proof

3. Processing fee Cheque

4. Last 6 months bank statements

5. Documentation for salaried applicants:

- Last 3 months salary-slips

- Form 16 or Income Tax Returns

6. Documentation for self-employed applicants:

- Education qualification certificate & proof of business existence

- Last 3 years Income Tax Returns with computation of Income

- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account