• Advantage Plus
Advantage Plus

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 waiver of 2 EMIs.

Transfer Home Loan Online

To simply transfer your Home Loan online. Click here

Why Advantage Plus

  • Lower Rate of Interest on outstanding Home Loan
  • Top Up loan at attractive Rate of Interest
  • Online Sanction
  • Simple documentation
  • Maximum Tenure of 30 years
  • No Pre-Payment Penalty.

EMI Waiver

Get waiver of 2 EMIs. The EMI waiver will be given at the end of the 5th year or during closure of the loan provided the customer has a default free record and has not made any pre-payment during the initial 5 years of the loan.  

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.

Designed and Developed by LIC HFL