LIC Housing Finance Home Loan Eligibility
OfficialAccording to LIC Housing Finance's own website. See the source card.
| Age | 21 to 70 years (age when the loan ends) |
|---|---|
| Minimum income | ₹10,000 net per month; self-employed: ₹1,20,000 a year |
| Minimum credit score | 600 (CIBIL or equivalent) |
| Employment | Salaried or self-employed |
| Business vintage (self-employed) | 3 years in business |
| Funding (LTV) | Within RBI limits: up to 75-90% of the property value, depending on the loan size |
| Loan amount | ₹5,00,000 to ₹50,00,00,000 |
| Tenure | 5 years to 30 years |
| Interest rate | 7.15% to 9.7% p.a. |
Documents LIC Housing Finance lists
- Salaried: salary slips and Form 16
- Self-employed / professionals: ITR for 3 years with financial statements
- Bank statements for the last 6 to 12 months
- KYC
- Property documents
Research notes
LIC HFL Home Loan: LTV 90% up to Rs 30 lakh, 80% to Rs 75 lakh, 75% above; tenure up to 30 years salaried / 25 years self-employed; rate grid by CIBIL - 7.15% at 825+, 7.35% at 800-824, 7.50-8.10% between 700 and 799, 8.90% at 600-699, 9.70% below 600 (highest-scoring joint applicant counts). Age window and income floor are not on the page - standard assumptions used; the 600 floor reflects the lowest priced band.