If the loan amount applied is above Rs.75 lakhs, then an amount equal to 75% of property value is offered. Maximum loan term is 30 years for salaried individuals and 20 years for self-employed. Contact your nearest LIC HFL office for the prevailing interest rates of repair/renovation loans. The company said, “LIC Housing Finance Ltd (LIC HFL), one of India’s largest Housing Finance companies, has revised the rate of interest for its loan products on the back of the Reserve Bank of India’s (RBI) announcement on 4th May 2022, revising the repo rate.” A CIBIL score is a 3 digit number that ranges between 300 and 900. The closer the score is to 900, the better it is. The bank checks your credit score to determine your creditworthiness whenever you apply for a home loan. If you maintain a minimum CIBIL Score of 750 and above, it is generally considered good for the loan approval. The Latest Home Loan Interest Rates: Nov 3, 2023 Updated - November 07, 2023 at 05:51 AM. Comments Share . HOUSING FINANCE COMPANIES (Fixed rates) LIC Housing Finance Ltd: 10-10.25: L&T HFL offers various home loan schemes at both floating and fixed rates of interest. The processing fee is up to 3% of loan amount plus applicable GST. It offers an LTV ratio of up to 90% to eligible borrowers ranging between Rs. 20 lakh to Rs. 7 crores. LICHFL Home Loan Interest Rate (2020) LIC Housing Finance Home Loans start at just 6.90% interest and the processing fee generally lies between Rs.5000 and Rs.15,000 excluding GST. Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives. By Ratings. By City. "Best housing loan ". 5.0/5 "Blown Away!" Before 4 years ago, purchased my home loan from LIC Housing finance. Due to the low interest rates, i have selected LIC Housing. Taken the loan amount of Rs. 14 lakhs and i am paying the EMI amount of Rs. 12940 per month. Total duration of the loan is 15 years. On March 1, Kotak Mahindra Bank reduced its home loan interest rate by a further 10 basis points to 6.65% per annum, the lowest in the mortgage market. It said the rates are linked to borrowers’ credit score and the Loan to Value (LTV) ratio. The rates will be applicable for both the salaried and self-employed customer segments. 8yBg.