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Home Renovation Loan

LIC HFL offers loan for renovation or improvement of home.

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.

For other conditions contact nearest Area Office.

Online Home Improvement Loans

Apply for Home Improvement Loan online. Click here

Interest Rate on Home Renovation 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

LIC HFL Home Extension Loan Features

  • Online plot loan sanction facility
  • Quick sanction and low EMI
  • Simple documentation
  • Amongst the lowest rate of interest
  • Available for both existing and new customers

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

 

Disclaimer: All loans are sanctioned at the sole discretion of LIC HFL.

Designed and Developed by LIC HFL