Complete Guide to LIC Home Loan
Home Loan Process - Step by Step
Step 1: Online Application
Fill the basic form on LIC website or visit nearest branch
- Keep your basic details ready
- Property details if selected
- Employment information
Step 2: Document Submission
Submit required documents for verification
Identity Proof (Any one)
- Aadhaar Card
- PAN Card
- Voter ID
Income Proof
- Salary Slips (Last 3 months)
- Bank Statements (Last 6 months)
- Form 16 or ITR
Step 3: Loan Eligibility Check
LIC checks how much loan you can get based on:
- Monthly Income
- Age
- Work Experience
- Credit Score
Step 4: Property Verification
LIC checks the property documents and value
Required Property Papers:
- Sale Deed
- Property Registration
- Tax Receipts
- Building Plan
Step 5: Loan Approval
Final approval and loan disbursement
- Sign loan agreement
- Pay processing fee
- Get disbursement
Who Can Apply?
Salaried Employees
- Age: 21-60 years
- Minimum Income: ₹25,000/month
- Work Experience: 2 years
Self-Employed
- Age: 21-65 years
- Business Age: 3 years
- ITR for last 2 years
Benefits of LIC Home Loan
Competitive Rates
Lower interest rates compared to many other lenders
Long Tenure
Repayment period up to 30 years
High Loan Amount
Get up to 90% of property value
Secure Process
Transparent and secure loan process
Plan Your Loan
Use our calculators to plan your home loan better: