LIC Housing Finance Home Loan for NRI

LIC Housing Finance NRI Home Loan Highlights
Interest Rate	8.50%-10.75% p.a.
Loan Amount	90% of the property value
Loan Tenure	Up to 30 years
Processing Fee	Flat Rs 3,000 (50% off on processing fees – LIC HFL’s Festive Offer)

Rates as of 6 May 2024

LIC NRI Home Loan Interest Rate

LIC HFL Griha Prakash/Advantage Plus (Housing Component for CIBIL>=700)

CIBIL >=825

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.35% p.a.	8.60% p.a.
More than Rs 2 crore & up to Rs 15 crore	8.35% p.a.	8.80% p.a.

 CIBIL 800-824

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.40 % p.a.	8.60% p.a.
More than 2 crore & up to Rs 15 crore	8.40% p.a.	8.80% p.a.

 CIBIL 775-799

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.45 % p.a.	8.60% p.a.
More than 2 crore & up to Rs 15 crore	8.45% p.a.	8.80% p.a.

CIBIL 750-774

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.50 % p.a.	8.60% p.a.
More than 2 crore & up to Rs 15 crore	8.70% p.a.	8.80% p.a.

CIBIL 700-749

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.75 % p.a.	8.85% p.a.
More than 2 crore & up to Rs 15 crore	8.95% p.a.	9.05% p.a.

CIBIL 600-699

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 50 lakh	9.55% p.a.	9.65% p.a.
More than 50 lakh & up to Rs 2 crore	9.75% p.a.	9.85% p.a.
More than Rs 2 crore & up to Rs 15 crore	9.90% p.a.	10.00% p.a.

 CIBIL <600

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 50 lakh	10.00% p.a.	10.10% p.a.
More than Rs 50 lakh & up to Rs 2 crore	10.20% p.a.	10.30% p.a.
More than Rs 2 crore & up to Rs 5 crore	10.40% p.a.	10.50% p.a.

 CIBIL 150≤CIBIL≤200

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.75% p.a.	8.85% p.a.

 CIBIL 101≤CIBIL<150

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	9.25% p.a.	9.35% p.a.

Sure Fixed Scheme

CIBIL Score	Loan Amount	Interest Rate
>=750	Up to Rs 15 crore	10.00% p.a. (fixed for entire team)
<750	Up to Rs 15 crore	10.25% p.a. (fixed for entire team)

Loan towards Purchase of Residential Plots/Residential Plots and Construction

CIBIL >=825

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.55% p.a.	8.80% p.a.
More than Rs 2 crore & up to Rs 15 crore	8.55% p.a.	9.00% p.a.

 CIBIL 800-824

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.60 % p.a.	8.80% p.a.
More than 2 crore & up to Rs 15 crore	8.60% p.a.	9.00% p.a.

 CIBIL 775-799

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.65 % p.a.	8.80% p.a.
More than 2 crore & up to Rs 15 crore	8.65% p.a.	9.00% p.a.

CIBIL 750-774

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.70 % p.a.	8.80% p.a.
More than 2 crore & up to Rs 15 crore	8.90% p.a.	9.00% p.a.

CIBIL 700-749

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.95 % p.a.	9.05% p.a.
More than 2 crore & up to Rs 15 crore	9.15% p.a.	9.25% p.a.

CIBIL 650-699

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 50 lakh	9.75% p.a.	9.85% p.a.
More than Rs 50 lakh & up to Rs 2 crore	9.95% p.a.	10.05% p.a.
More than Rs 2 crore & up to Rs 15 crore	10.10% p.a.	10.20% p.a.

 CIBIL 150≤CIBIL≤200

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	8.95% p.a.	9.05% p.a.

 CIBIL 101≤CIBIL<150

Loan Slab	Salaried & Professional	Non-Salaried
Up to Rs 2 crore	9.45% p.a.	9.55% p.a.

LIC HFL Griha Suvidha

CIBIL >=825

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.60% p.a.	8.85% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.60% p.a.	9.05% p.a.

 CIBIL 800-824

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.65 % p.a.	8.85% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.65% p.a.	9.05% p.a.

 CIBIL 775-799

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.70 % p.a.	8.85% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.70% p.a.	9.05% p.a.

CIBIL 750-774

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.75 % p.a.	8.85% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.95% p.a.	9.05% p.a.

CIBIL 700-749

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	9.00 % p.a.	9.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	9.20% p.a.	9.30% p.a.

CIBIL 600-699

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 50 lakh	9.80% p.a.	9.90% p.a.
More than Rs 50 lakh & up to Rs 2 crore	10.00% p.a.	10.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	10.15% p.a.	10.25% p.a.

 CIBIL <600

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 50 lakh	10.25% p.a.	10.35% p.a.
More than Rs 50 lakh & up to Rs 2 crore	10.45% p.a.	10.55% p.a.
More than Rs 2 crore & up to Rs 3 crore	10.65% p.a.	10.75% p.a.

 CIBIL 150≤CIBIL≤200

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh and up to Rs 2 crore	9.00% p.a.	9.10% p.a.

 CIBIL 101≤CIBIL<150

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh and up to Rs 2 crore	9.50% p.a.	9.60% p.a.

LIC HFL Griha Suvidha Asha (2 year ITR Self Employed or Class IV Salaried)

CIBIL >=825

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.85% p.a.	9.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.85% p.a.	9.30% p.a.

 CIBIL 800-824

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.90 % p.a.	9.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.90% p.a.	9.30% p.a.

 CIBIL 775-799

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	8.95 % p.a.	9.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	8.95% p.a.	9.30% p.a.

CIBIL 750-774

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	9.00 % p.a.	9.10% p.a.
More than Rs 2 crore & up to Rs 3 crore	9.20% p.a.	9.30% p.a.

CIBIL 700-749

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	9.25 % p.a.	9.35% p.a.
More than Rs 2 crore & up to Rs 3 crore	9.45% p.a.	9.55% p.a.

CIBIL 650-699

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 50 lakh	10.05% p.a.	10.15% p.a.
More than Rs 50 lakh & up to Rs 2 crore	10.25% p.a.	10.35% p.a.
More than Rs 2 crore & up to Rs 3 crore	10.40% p.a.	10.50% p.a.

  CIBIL 150≤CIBIL≤200

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	9.25% p.a.	9.35% p.a.

 CIBIL 101≤CIBIL<150

Loan Slab	Salaried & Professional	Non-Salaried
More than Rs 10 lakh & up to Rs 2 crore	9.75% p.a.	9.85% p.a.

Note: Other conditions will be same as applicable to Griha Siddhi Product

For P+C cases under Griha Suvidha, applicable ROI is 25 bps more than Griha Bhoomi

LIC HFL New Face Lift

CIBIL Score	Loan Slab	Interest Rate (p.a.)
750 & above	Up to Rs 15 crore	9.10%
700-749		9.25%

Calculate your home loan EMI’s

Types of LIC Housing Home Loan for NRI

Home Loan

Purpose: LIC Housing Finance Regular Home Loan for NRIs can be used for purchasing under-construction or ready-to-move homes and for the construction of own house

Tenure: Up to 30 years

LTV Ratio:

Loan amount up to Rs 30 lakh	90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh	80% of property value
Loan amount above Rs 75 lakh	75% of property value

NRI Plot Loan

• For purchasing residential plot from development authorities/government bodies/approved layout
  • Purpose: for purchase of residential plot from statutory authorities
  • LTV Ratio: 75% of the property value
  • Term: Up to 15 years

• Composite loan towards the purchase of plot and house construction
  • Purpose: loans are approved only if the construction is complete within 3 years from the date of the plot purchase
  • LTV Ratio: Up to 60% of the sanctioned amount is to be utilized towards plot purchase and the balance amount should be utilized towards the construction of the house
  • Term: Up to 30 years

Home Renovation Loan

Purpose: For financing improvement or renovation of existing home properties

Tenure: Up to 30 years

LTV Ratio:

Loan Amount	LTV Ratio
Up to Rs 30 lakh	90% of property value
Above Rs 30 lakh-Rs 75 lakh	80% of property value
Above Rs 75 lakh	75% of property value

Top-up Home Loan

• Top-up home loan is offered to existing customers with default-free housing loan seasoning
• Top-up loan is also offered to new borrowers who wish to transfer their existing home loan to LIC Housing Finance

Home Loan Balance Transfer

Purpose: Home loan balance transfer facility can be used for transferring existing home loans availed from other lenders to LIC Housing Finance at lower interest rates. The loan proceeds can be used for the construction or purchase of a house or flat from a private developer or housing boards and repairs/renovation to the existing properties. The applicants can get a waiver of 2 EMIs.

Tenure: Up to 30 years (for salaried); Up to 25 years (for self-employed)

LTV Ratio:

Loan amount up to Rs 30 lakh	90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh	80% of property value
Loan amount above Rs 75 lakh	75% of property value

Eligibility Criteria for LIC Housing NRI Home Loan

LIC Housing Finance NRI home loans can be availed by NRIs and PIOs. While the HFC has not explicitly stated its home loan eligibility criteria, it may consider the credit score, occupation profile, employer’s profile, etc of its home loan applicants, as used by many lenders for evaluating the home loan eligibility of their applicants.

Documents Required for LIC Housing NRI Home Loan

Income Documents

• For salaried individuals, salary slips and Form No.16
• For self-employed or professionals, IT returns of the last 3 years, along with financials
• Bank statements for the last 6 to12 months

KYC Documents

• PAN Card
• Aadhaar Card
• Passport, for NRIs
• Proof of residence

Property Documents (in case property is identified)

• Proof of ownership of property
• In the case of flats, allotment letter from builder/society
• Up-to-date tax paid receipt