Last Update: December 27, 2022, 12:55 pm IST
90% of the property value can be financed up to Rs.30 lakhs.
According to the website of LIC Housing, the revised prime lending rate is 16.45 per cent.
According to a press statement from LIC HFL, a leading housing finance company in India, LIC Housing Prime Lending Rate (LHPLR) has been increased by 35 basis points. The Benchmark Rate or LHPLR is used to determine how much loan will be taken from LIC HFL. The new home loan interest rates will now start from 8.65%. As per the website of LIC Housing, the LHPLR or Revised Prime Lending Rate is 16.45%.
The LIC Housing website states that home loan interest rates start at 8.30% for salaried and professional borrowers with a credit score of at least 800 and loans up to Rs 15 crore. For salaried and professional borrowers with a credit score in the range of 750 to 799, the interest rates will be 8.40% for up to Rs 5 crore and 8.60% for amounts above Rs 5 crore and up to Rs 15 crore. Interest rates are 8.70% up to Rs 50 lakh, 8.90% for amounts above Rs 50 lakh and up to Rs 2 crore for CIBIL scores of 700 to 749.
Maximum loan amount and repayment period:
Following is the important information about the loan amount and repayment tenure availed from the website.
90% of the property value can be financed up to Rs.30 lakhs.
For loans above Rs 30 lakh and up to Rs 75 lakh, 80% of the property value is required. For loans above Rs 75 lakh, 75% of the property value is required.
The maximum payback period is 30 years for salaried individuals, while it is up to 25 years for self-employed individuals.
Home Loan Options Provided by LIC Home Finance Loan
Home Loan for Locals
mortgage for nri
plot loan
home improvement loan
home repair loan
add-on loan
Loan for Balance Transfer
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