LICHFL (LIC home loan) provides home loans beginning from 8 per cent p.a. onwards for repayment tenure of as high as 30 years. Also, it provides a home loan takeover or balance transfer facility to the existing borrowers of home loans from other lenders at a lower rate and the Griha Varishtha home loan to the applicants drawing pension benefits with repayment tenures of up to the age of 80 years. Also, HFC provides Griha Suvidha, a home loan scheme, i.e., backed by the Mortgage Guarantee, to the salaried applicants receiving salary in cash and the self-employed applicants requiring the extended repayment tenure and salaried applicants approaching their retirement age needing higher loan repayment tenure. Like LIC home loans, SBI home loan to have the same conditions. 

LIC housing loan highlights 2022
Rate of interest8.00 per cent – 9.75 per cent p.a.
Loan amount (LTV ratio)90 per cent of property value
Repayment tenureAs high as 30 years
Processing fees0.35 per cent of loan proceeds are subject to a maximum of Rs 50,000

Rates and charges as of 22nd August 2022

LIC housing home loan rate of interest 

Griha Siddhi home loan – 

For a credit score of below and equal to 700

Loan slabRate of interest (p.a.)
Non-salariedSalaried
Above Rs 2 crore – Rs 15 crore8.50 per cent8.40 per cent
Above Rs 50 lakh – Rs 2 crore8.35 per cent8.25 per cent
Up to Rs 50 lakh8.15 per cent8.05 per cent

For credit scores between 600 and 699

Loan slabRate of interest (p.a.)
Non-salariedSalaried
Up to Rs 50 lakh8.40 per cent8.30 per cent
Over Rs 50 lakh – Rs 2 crore8. 60 per cent8.50 per cent
Over Rs 2 crore – Rs 15 crore8.75 per cent8.65 per cent

For a credit score less than 600

Loan slabRate of interest (p.a.)
Non-salariedSalaried
Over Rs 2 crore – Rs 5 crore9.25 per cent9.15 per cent
Over Rs 50 lakh – Rs 2 crore9.05 per cent8.95 per cent
Up to Rs 50 lakh8.85 per cent8.75 per cent
  • For credit score of between 101 – 200 or NTC
Loan slabRate of interest (p.a.)
Non-salariedSalaried
Above Rs 50 lakh – Rs 1 crore9.00 per cent8.90 per cent
Up to Rs 50 lakh8.80 per cent8.70 per cent

Advantage Plus scheme (the housing loan component)

For credit score less than equal to 700

Loan slabRate of interest (p.a.)
Non-salariedSalaried
The home loan component must be higher than or equivalent to Rs 10,00,0008.00 per cent8.00 per cent

Note that under the sure fixed scheme, the fixed rate of interest will equal 200 bps and more than the return of respective slabs. 

Griha Bhoomi – loan towards the plot construction and purchase or plot purchase

For the CIBIL score equal to less than 700

Loan slabRate of interest (p.a.)
Non-salariedSalaried
Over Rs 2 crore – Rs 15 crore8.70 per cent8.60 per cent
Over Rs 50 lakh – Rs 2 crore8.55 per cent8.45 per cent
Up to Rs 50 lakh8.35 per cent8.25 per cent

For CIBIL score of between 650 – 699

Loan slabRate of interest (p.a.)
Non salariedSalaried
Over Rs 2 crore – Rs 15 crore8.95 per cent8.85 per cent
Over Rs 50 lakh – Rs 2 crore8.80 per cent8.70 per cent
Up to Rs 50 lakh8.60 per cent8.50 per cent

For CIBIL score of NTC or 101 – 200 

Loan slabRate of interest (p.a.)
Non salariedSalaried
Over Rs 50 lakh – Rs 1 crore9.20 per cent9.10 per cent
Up to Rs 50 lakh9.00 per cent8.90 per cent

Griha Suvidha home loan

For credit score less than equal to 700

Loan slabRate of interest (per annum)
Non salariedSalaried
Over Rs 2 crore – Rs 3 crore8.75 per cent8.65 per cent
Over Rs 50 lakh – Rs 2 crore8.60 per cent8.50 per cent
Over Rs 10 lakh and up to Rs 50 lakh8.40 per cent8.30 per cent

For CIBIL score of between 600 and 699

Loan slabRate of interest (p.a.)
Non salariedSalaried
Over Rs 2 crore – Rs 3 crore9.00 per cent8.90 per cent
Over Rs 50 lakh – Rs 2 crore8.85 per cent8.75 per cent
Over Rs 10 lakh and up to Rs 50 lakh8.65 per cent8.55 per cent

For CIBIL score of less than 600

Loan slabRate of interest (per annum)
Non salariedSalaried
Over Rs 2 crore – Rs 3 crore9.50 per cent9.40 per cent
Over Rs 50 lakh – Rs 2 crore9.30 per cent9.20 per cent
Over Rs 10 lakh and up to Rs 50 lakh9.10 per cent9.00 per cent

For CIBIL score of NTC or 101 – 200

Loan slabRate of interest (p.a.)
Non-salaried Salaried
Over Rs 50 lakh – Rs 1 crore9.25 per cent9.15 per cent
Over Rs 10 lakh and up to Rs 50 lakh9.05 per cent8.95 per cent

Griha Suvidha Asha home loan

CIBIL score of below and equal to 700

Loan slabRate of interest (p.a.)
Non-salariedSalaried
Over Rs 2 crore – Rs 15 crore9.00 per cent8.90 per cent
Over Rs 50 lakh – Rs 2 crore8.85 per cent8.75 per cent
Over Rs 10 lakh and up to Rs 50 lakh8.65 per cent8.55 per cent

For the CIBIL score of between 600 and 699

Loan slabRate of interest (p.a.)
Non salaried Salaried
Over Rs 2 crore – Rs 15 crore9.25 per cent9.15 per cent
Over Rs 50 lakh – Rs 2 crore9.10 per cent9.00 per cent
Over Rs 10 lakh and up to Rs 50 lakh8.90 per cent8.80 per cent

For a CIBIL score of below 600

Loan slabRate of interest (p.a.)
Non salariedSalaried
Over Rs 2 crore – Rs 5 crore9.75 per cent9.65 per cent
Over Rs 50 lakh – Rs 2 crore9.55 per cent9.45 per cent
Over Rs 10 lakh and up to Rs 50 lakh9.35 per cent9.25 per cent

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