Home Loan Features. Below are few features which make Our Home Loan different from others: Quick sanction and low EMI. Simple documentation. Maximum Tenure of 30 years subject to other terms and conditions*. Amongst the lowest rate of interest. No Pre-Payment penalty. 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. By Anshul Dec 7, 2022 4:07:15 PM IST (Updated) The Reserve Bank of India (RBI) has announced a 35 basis point (bps) hike in the repo rate, at which the central bank lends money to commercial banks, to 6.25 percent. This is the fifth consecutive hike by the RBI and will lead to a rise in the equated monthly instalments (EMIs) of home loans What is the LIC home loan interest rate at present? The housing loan offered by LIC is for Resident Indians, Non-Resident Indians, Pensioners. At present, the minimum interest rate on a home loan from LIC HFL is 8.50% per annum. LIC home loan statement is a statement that carries all the details related to a home loan like loan amount sanctioned, interest rate tenure, outstanding balance, principal amount, date of loan approved and much more. 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. HDFC offers home loans starting at 6.70% p.a. with interest concession for women borrowers. There are also different variants of the home loan such as the two-year fixed rate variant and the adjustable rate home loan. The interest rate on HDFC home loans also changes with the quantum of loan applied for and other factors. Interest Rate. 6.4% 13.5% % Monthly EMI: Apply now. A bank that cares With our easy Car Loan, drive home the car you desire Micro Loans Choose The latest rates are effective from May 13. Life Insurance Corporation Housing Finance Ltd (LIC HFL) has increased the rate of its loan products following Reserve Bank of India’s (RBI) revision You can lower your home loan rate to 7.20% if you convert to an EBR loan. Over the course of the 20-year term, this 1% reduction in interest will save Rs 1,48,080. You are now aware of the LIC HFL interest rate change for existing customers. B40fPx.