LIC Housing Finance Limited Loan Against Property

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LIC Housing Finance Limited, initiated on 19th June 1989, is one of the largest housing finance companies in India. It was launched under the companies act with the aim to offer loans to people who are willing to mortgage their properties. At, you can access free-to-use LIC HFL bank loan against property EMI calculator, check your LIC HFL bank loan against property eligibility, compare loan against property interest rates in LIC HFL bank. You can apply for loan against property online on LIC HFL' s official website.

  1. Loan against properties for Individuals
  2. Individuals can avail these loans for their children’s education, marriage, purchase of a new property or even aim for a business expansion. The loan amount should be at least Rs 2 lakhs that can be availed for a maximum period of 15 years. The disbursement of the loan is allowed in equated monthly instalments on a monthly basis.

    The property submitted against the loan acts as security. It should be a residential property with age not more than 35 years. One also has to provide a demand promissory note as security. A fee of 1% applies to the total loan, plus tax. This scheme is however, available only for the Indian residents.

  3. Loan against properties for listed or non-listed companies

Listed or non-listed companies can avail these loans keeping their commercial property like office premises as security. These loans can be used to repay existing loans or purchase fixed assets for the benefit of the company. These properties should be complete in all respects in order to avail the loans. The credit is allowed for a maximum period of 10 years.


Documentation ID proof such as Aadhar Card, PAN Card, Voter ID Card, Passport, Government ID Card or Driving License. Address proof like electricity bill, ration card, gas invoice, telephone invoice, bank account statement, and passport, Voter ID Card or Driving License.

  • Individuals should also submit income proof consisting of the salary slip of the past 2 years, Form 16, bank account statement of past 2-3 years and property documents.
  • Salaried individuals should also submit income proof consisting of the salary slip of past three months and statement of income tax return or Form 16.
  • Self-employed individuals should also submit proof of their education like a qualification certificate, income tax return of past three years along with computation of income, profit and loss account and balance sheet of last three years certified by a professional CA.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of LIC Housing Finance Limited.