When securing funds using your property, LIC Housing Finance Loan Against Property stands apart for its reliability, competitive pricing, and flexible loan slabs. Backed by the trust of LIC, this product continues to be a preferred choice for borrowers in 2025.
What Makes LIC Housing Finance Loan Against Property Stand Out (Highlights 2025)
| Feature | Standout Benefit |
|---|---|
| Attractive Interest Rates | Starting from 9.70% p.a. for applicants with strong CIBIL scores, as per LIC Housing Finance official site |
| Wide Loan Range | Access high-value loans suited for business expansion, education, or emergencies |
| Borrower Trust Factor | Backed by LIC’s strong reputation in housing finance for decades |
👉 For professional guidance and a smooth loan process, CreditCares Loan Against Property Services help you compare multiple banks and NBFCs, ensuring you get the best loan deal tailored to your needs.
LIC Housing Finance Loan Against Property Interest Rates
The LIC Housing Finance Loan Against Property interest rates currently range from 9.50% to 11.55% per annum, depending on the applicant’s profile, property type, and loan tenure. Borrowers have the flexibility to opt for either floating or fixed interest rate options.
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Floating Rate: Begins at 9.50% p.a., aligned with market benchmarks.
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Fixed Rate: Ranges between 9.50% and 11.55% p.a., ideal for borrowers seeking stable EMIs.
According to the official details shared by LIC Housing Finance, the final rate is influenced by the applicant’s CIBIL score, loan amount, and occupation profile. For detailed loan features, you can also explore our expert guide on SBI Loan Against Property for a side-by-side comparison.
If you are planning your repayments, try our Loan Against Property EMI Calculator at CreditCares to estimate your monthly EMIs based on LIC HFL’s latest rates.
Compare LIC Housing Finance Loan Against Property Rates with Other Top Banks & HFCs
| Lender | Interest Rate Range (p.a.) | Apply Now |
|---|---|---|
| LIC Housing Finance | 9.50% – 11.55% | Apply with CreditCares |
| State Bank of India | 9.20% – 10.50% | Compare Here |
| HDFC Bank | 8.55% – 13.00% (Floating), 11.80% – 13.30% (Fixed) | Explore HDFC LAP |
| IDFC FIRST Bank | 9.00% – 16.50% | See IDFC LAP Offers |
| Bank of Baroda | 10.85% – 18.35% | Apply with CreditCares |
| PNB Housing Finance | 9.25% – 15.00% | Apply with CreditCares |
| ICICI Bank | 10.85% – 12.50% | Apply with CreditCares |
| Axis Bank | 10.50% – 10.95% | Apply with CreditCares |
Fees & Hidden Charges for LIC Housing Finance Loan Against Property
| Charge Type | Details |
|---|---|
| Processing Fee | Up to ₹15,000 (loan amount dependent) + GST, e.g., ₹10,000 for loans up to ₹50 lakh; ₹15,000 for higher slabs |
| CERSAI / Statutory Charges | ₹250 for loans up to ₹5 lakh; ₹500 for higher loan amounts |
| Rewriting / Conversion Fee | ₹1,000 (for loans up to ₹75 lakh); ₹2,500 (for loans above ₹75 lakh) |
| Cheque Bounce / ECS Dishonour Charges | ₹350 per cheque bounce; ₹200 per ECS dishonour event |
| Document Retrieval Charges | ₹2,500 (post-loan closure) |
| List of Documents Requested | ₹500 per request |
| Photocopies of Title Deeds | ₹1,000 per request |
| Late EMI / Default Penal Charges | 1.5% per month up to 12 months; 2% per month thereafter |
Why It Matters
These varied charges—ranging from statutory, documentation, or processing to penalties—often catch borrowers by surprise. LIC Housing Finance maintains transparency by clearly stating these charges on their official site and trusted platforms. If you’re planning to apply, it’s wise to account for these while estimating your total cost.
At CreditCares, we assist borrowers by providing a full breakdown of LIC Housing Finance Loan Against Property hidden charges and offer an easy comparison with other lenders to help you make an informed choice.
Would you like me to extend this with a short note on how CreditCares helps waive or reduce these fees for your clients?
LIC Housing Finance Loan Against Property Eligibility Criteria
To be eligible for a LIC Housing Finance Loan Against Property, applicants must meet specific criteria related to residency, occupation, income, and credit profile. Let’s break it down:
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Residency: Only Indian residents are eligible to apply for the loan – no NRIs or foreign entities.
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Applicant Profile: Salaried individuals and self-employed professionals are considered. The lender assesses the applicant’s credit score, age, income, and occupational stability, similar to other lenders in the space
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Income & Age: While LIC HFL does not publicly specify exact income or age brackets on the LAP page, these are assessed during application. For a detailed breakdown, refer to the official LIC Housing Finance Loan Against Property eligibility page.
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Credit Score & Loan Amount: A healthy credit score (typically 700+) increases your approval chances and helps secure more favorable interest rates and higher loan amounts.
With CreditCares, you get end-to-end assistance to evaluate your LIC Housing Finance Loan Against Property eligibility, compare interest rates, gather the required documents, and apply confidently with multiple lenders.
Required Document Checklist for LIC Housing Finance Loan Against Property
When applying for a LIC Housing Finance Loan Against Property, submitting the right set of documents is crucial to ensure quick processing and approval. Below is the checklist based on applicant profiles:
For Salaried Applicants
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Identity & Address Proof: Aadhaar, Passport, Voter ID, or Driving License
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Income Proof: Salary slips of last 3 months, Form 16/ITR of last 2 years
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Bank Statements: Salary account statement for the last 6 months
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Property Papers: Title deed, approved plan, and other ownership documents
For Self-Employed Applicants
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Identity & Address Proof: Aadhaar, Passport, Voter ID, or Driving License
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Business Proof: GST Registration, Shop Act License, Partnership Deed, or Company Incorporation Certificate
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Income Proof: ITR for the last 2 years along with Profit & Loss statements and Balance Sheet.
Bank Statements: Current account statements for the past 12 months.
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Property Papers: Title deed and related documents
📌 For an updated and verified list, check the official LIC Housing Finance Loan Against Property documents required page.
At CreditCares, we guide you step by step in preparing the correct LIC Housing Finance Loan Against Property documents to avoid delays and maximize your approval chances.
LIC Housing Finance LAP EMI Calculator — How to Estimate Payments
Planning your finances before taking a LIC Housing Finance Loan Against Property (LAP) is essential. An EMI calculator helps you estimate monthly repayment amounts based on loan amount, interest rate, and tenure. This tool enables borrowers to budget efficiently and choose the right repayment plan.
How the EMI is Calculated
The formula used for EMI calculation is:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
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P = Loan Amount
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R = Monthly Interest Rate = (Annual Interest Rate ÷ 12 ÷ 100)
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N = Loan Tenure in Months
Benefits of Using LIC HFL EMI Calculator
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Quick Estimation – Instantly know how much you need to pay every month.
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Better Loan Planning – Adjust loan amount or tenure to fit your budget.
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Compare Scenarios – Test different interest rates and loan slabs.
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Transparency – Avoid surprises with a clear repayment plan.
📌 Try LIC Housing Finance EMI Calculator for accurate and real-time calculations.
At CreditCares, we also provide personalized assistance in calculating the best LIC Housing Finance LAP EMI interest rates and structuring repayment plans that suit your financial goals.
How to Apply Online for LIC Housing Finance Loan Against Property
Applying for a LIC Housing Finance Loan Against Property has become simple with their digital process. Applicants can now complete most steps online without visiting a branch.
Step-by-Step Online Application Process
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Visit the Official Portal – Visit the LIC Housing Finance Loan Against Property section online..
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Fill Out the Application Form – Enter personal details, loan amount required, property type, and income details.
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Upload Documents – Provide scanned copies of KYC documents, income proof, and property papers.
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Verification & Processing – LIC HFL verifies your eligibility, documents, and property valuation.
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Approval & Disbursement – After approval, the sanctioned loan amount is credited directly to your bank account.
💡 Alternatively, you can also apply through CreditCares, where we provide end-to-end support, faster processing, and guidance in selecting the most suitable LAP offer.
Frequently Asked Questions (FAQs) About LIC Housing Finance Loan Against Property
Q1. What is the maximum loan amount I can get under LIC Housing Finance LAP?
LIC Housing Finance offers LAP amounts of up to ₹15 crore, depending on the property value, repayment capacity, and applicant profile.
Q2. Can I use both residential and commercial property as collateral?
Yes, you can avail a Loan Against Property from LIC Housing Finance using both residential and commercial properties, provided they meet valuation and legal clearance requirements.
Q3. What is the typical tenure offered for LIC HFL LAP?
The loan tenure usually ranges from 5 years to 15 years, making it flexible for borrowers to manage repayments conveniently.
Q4. Is there a prepayment or foreclosure charge?
For individual borrowers with a floating rate of interest, no foreclosure charges are applicable. However, charges may apply for fixed-rate loans or non-individual borrowers. Check the latest fee details on the official LIC Housing Finance charges page.
Q5. Can I apply online or do I need to visit the branch?
You can easily apply online for LIC Housing Finance Loan Against Property through their official portal. For a hassle-free process, you can also apply via CreditCares where our experts assist with documentation and faster approvals.
Conclusion:
LIC Housing Finance Loan Against Property (LAP) continues to be one of the most reliable mortgage solutions in 2025, offering competitive interest rates, higher loan amounts, and flexible tenure options. Whether you are a salaried individual or a self-employed professional, LIC HFL ensures a smooth borrowing experience with transparent charges and a strong reputation for trust.
However, navigating through eligibility checks, document requirements, and multiple lender comparisons can be overwhelming. That’s where CreditCares steps in. As a trusted financial partner, we are directly connected with leading banks and NBFCs, including LIC Housing Finance, to help you get the best deal with minimum effort.
👉 If you are planning to apply for a Loan Against Property with LIC Housing Finance, let CreditCares experts assist you in securing the lowest rate, faster approval, and complete guidance throughout the process.
📌 Apply today through CreditCares and take the first step towards unlocking your property’s potential.
