LIC Home Loan Interest Rates 2024
Current Interest Rates
Last Updated: March 2024
| Loan Amount | Salaried | Self-Employed |
|---|---|---|
| Up to ₹30 Lakhs | 8.40% | 8.50% |
| ₹30 Lakhs to ₹75 Lakhs | 8.50% | 8.60% |
| Above ₹75 Lakhs | 8.60% | 8.70% |
What Affects Your Interest Rate?
Employment Type
Salaried individuals often get slightly lower rates compared to self-employed people
Loan Amount
Higher loan amounts might have slightly higher interest rates
Credit Score
Better credit score (750+) can help you get lower interest rates
Property Value
The value and type of property you're buying can affect your rate
Types of Interest Rates
Fixed Rate
Interest rate remains the same throughout the loan period
- EMI stays the same
- Better for planning
- Protection from rate increase
Floating Rate
Interest rate changes with market conditions
- Usually lower starting rate
- Benefits when market rates fall
- More flexible terms
Tips to Get Better Interest Rates
Maintain a credit score above 750
Choose the right loan amount and tenure
Compare different lenders
Keep all documents ready
Consider making a larger down payment
Calculate Your EMI
Use our EMI calculator to see how different interest rates affect your monthly payments
Calculate Now