Home Loan Balance Transfer
Don’t let high EMIs come in the way of your dreams. Switch your home loan without any hassle to LIC Housing Finance and enjoy benefits such as lower rate of interest, affordable EMIs, top up loan and much more.
Transfer Home Loan Online
To simply transfer your Home Loan online. Click here
Balance Transfer Home Loan Offer
Get waiver of 2 EMIs. To know more click here.
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.
Interest Rate on Home Loan
Rate of Interests (Floating - Linked to LHPLR) Current LHPLR - 14.70% |
Loan slab | CIBIL Score | Salaried & Professional | Non-Salaried & Non Professional |
---|---|---|---|
Upto Rs. 50 Lakhs | CIBIL >= 700 | 6.90% | 7.00% |
CIBIL 650 – 699 | 7.10% | 7.20% | |
CIBIL 600 - 649 | 7.30% | 7.40% | |
CIBIL < 600 | 7.50% | 7.60% | |
More than 50 Lakhs & Up to Rs. 1 Cr | CIBIL >= 700 | 6.90% | 7.00% |
CIBIL 650 – 699 | 7.30% | 7.40% | |
CIBIL 600 - 649 | 7.60% | 7.70% | |
CIBIL < 600 | 7.70% | 7.80% | |
More than 1 Cr & Up to Rs. 3 Crs | CIBIL >= 700 | 6.90% | 7.00% |
CIBIL 650 – 699 | 7.40% | 7.50% | |
CIBIL 600 - 649 | 7.70% | 7.80% | |
CIBIL < 600 | 7.70% | 7.80% | |
More than Rs. 3 Crs & upto Rs 15 Cr | CIBIL >= 700 | 6.90% | 7.00% |
CIBIL 650 – 699 | 7.50% | 7.60% | |
CIBIL 600 - 649 | 7.70% | 7.80% | |
CIBIL < 600 | 7.80% | 7.90% |
Loan Slab | Salaried & Professional | Non-Salaried & Non Professional |
---|---|---|
Up to Rs. 50 Lakhs (Cibil <=0 ) | 7.40% | 7.50% |
Product Name | Interest Type | Loan Slab | ROI |
---|---|---|---|
My Choice –Sure Fixed & Apna Ghar (PMAY-CLSS)- Sure Fixed |
Fixed for Entire loan tenure | Upto Rs.50 lacs | 10.05% |
Above Rs.50 lacs & upto Rs.5 crs | 10.15% | ||
* 1) In case of joints applicants, CIBIL score of applicant having highest score will be considered 2) For cases where CIBIL score is Zero or less and loan amount is more than Rs 50 Lakhs & up to Rs 15 Crs, the ROI applicable will be as per the CIBIL score less than 600 in the respective categories |
Home Loan Balance Transfer Top Up Loan
Top Up loan on Balance Transfer is available at attractive rate of interest.
Interest Rate on Top Up Loan
New Customer availing top up on balance transfer | 9.00% |
Loans are floating linked to LHPLR | LHPLR: 14.70% |
Maximum Loan Amount and Repayment Period
Loan to Property Cost
- 90% of Property value for loan upto Rs.30 lakh
- 80% of Property value for loan more than Rs. 30 lakh and upto Rs.75 lakh
- 75% of Property value for loan above Rs.75 lakh
Maximum repayment period
- For salaried upto 30 years
- For self-employed upto 20 years
The above is subject to the repaying capacity and age of the applicant.
Calculator
Plan your Home Loan using our Calculator. Know the Home loan amount you are eligible for and the EMI against your loan.
EMI Calculator Loan Eligibility calculator
Home Loan Documents
KYC documents:
- Pan Card
- Aadhaar Card
- For NRIs, passport is required
- Proof of residence
Income documents:
- Salary slips and Form No.16 for salaried
- Last 3 years income tax returns along with financials for self-employed or professionals
- Bank statements for last 6 to12 months
Property Documents (incase property is identified):
- Proof of ownership of property
- In case of flats, allotment letter of builder/society
- Up to date tax paid receipt
Disclaimer: All loans are sanctioned at the sole discretion of LIC HFL.