lic loan against property

Your property can help you move closer to your goals

You own a home, and now you need money for something important. Maybe it’s your child’s college education, a wedding, or growing your business. Here’s good news: you don’t have to sell your property to get the funds you need. With LIC HFL’s Loan Against Property, you can borrow money using your home as security—and still live in it.

How does this loan work?

Think of it this way: your property has value, and we can help you unlock that value. You mortgage your residential property to us, get the money you need, and continue living in your home just like before. It’s a win-win situation that gives you access to large amounts of money at rates much lower than personal loans.

What makes this loan special?

You can borrow a good amount of money.

The minimum loan starts at ₹2,00,000, but you can get much more depending on what your property is worth and how much you can repay each month.

Take up to 15 years to repay

We give you plenty of time to pay back the loan. With up to 15 years to repay, your monthly payments stay comfortable and manageable.

Pay less interest with better credit.

If you have a good credit score, you’ll pay lower interest. Our rates start from just 9.70% per year, which makes this one of the most affordable ways to borrow large amounts.

Use the money however you want

Need money for your child’s education? Planning a wedding? Want to buy another property or expand your business? You decide how to use the funds.

Easy paperwork, quick process

We’ve made the documentation simple and straightforward. No complicated processes—just clear requirements that help us approve your loan faster.

Your home stays with you.

This is important: even though your property is mortgaged to us, you continue living in it. Nothing changes in your daily life.

Can you apply for this loan?

Who we lend to:

• You must be an Indian resident
• Anyone who is a salaried employee, self-employed professional, or business owner can apply.
• You should own the property with a clear title

What kind of property works:

• Residential house or apartment
• Your property should be less than 35 years old
• It must be suitable for a mortgage

How much interest will you pay?

Your interest rate depends on your CIBIL score (your credit history). Here’s what you’ll pay:

These are floating rates linked to the LIC HFL Prime Lending Rate (LHPLR)

Here’s a tip: If you maintain a credit score of 750 or higher, you’ll get the best rates and save thousands over the life of your loan.

What documents do you need?

We’ll need:

• Mortgage of your residential property (registered or equitable)
• A promissory note
• Your property title should be clear, with the building less than 35 years old

Your questions answered

1. How much can I borrow?

You can start with a minimum of ₹2,00,000. The maximum depends on your property’s value and your ability to repay. We offer loans up to ₹15 crores.

2. Can I use this money for anything?

Yes! Use it for education, weddings, buying another property, growing your business, or any other genuine need.

3. How long do I have to repay?

You get up to 15 years, which means smaller monthly payments that fit your budget.

4. How do you decide my interest rate?

A good CIBIL score leads to a lower interest rate, which is why maintaining your credit history is important.

5. Can I pay off the loan early?

Yes, you can prepay your loan. Just check with us about the specific terms and if there are any charges.

6. What properties can I use?

You can use residential houses or apartments. The property must be less than 35 years old and have a clear title that we can mortgage.

7. Do I have to leave my home?

Definitely not! You stay in your property; it’s only pledged as security for the loan.

8. I’m an NRI. Can I apply?

Unfortunately, this particular scheme is only for Indian residents right now.

9. Why does my CIBIL score matter so much?

Your CIBIL score tells us about your credit history. If you have a score of 750 or above, we give you our best rate of 9.70%. Lower scores mean you’ll pay more interest.

10. My property is 40 years old. Will it qualify?

No, properties older than 35 years don’t qualify for this loan. We count the age from when it was built.

11. I already have a loan on my property. Can I still apply?

This depends on your loan balance and property equity. Talk to us, and we’ll see what can be done.

12. How fast is the loan approval process?

The time varies based on how quickly you submit documents and how fast we can verify your property. Contact us to know the current timeline.

13. Are there extra fees I should know about?

Yes, like most loans, you’ll pay processing fees and some legal charges. Ask us for a complete breakdown before you apply.

14. How does this differ from a home loan?

A home loan is specifically for buying or building a house. This loan lets you borrow against a property you already own, and you can use the money for anything.

15. I’m self-employed. Can I still get this loan?

Yes! Self-employed professionals and business owners are welcome to apply, as long as you meet our income and property requirements.

No hidden surprises

Our interest rates are clear, and we tell you exactly what you’ll pay. No fine print, no confusing terms.

We’re here to help

From your first question to your last payment, our team supports you every step of the way.

We understand everyone is different.

Your situation is unique, and we can adjust loan terms to fit what works for you.

Ready to start?

Your property has value sitting in it. Let’s put it to work for you and your family. Our team is ready to answer your questions and guide you through a simple application process.

Get In Touch | Apply Now

We’ll need to check your property value and credit before approving your loan. Terms and conditions apply.