LIC HFL Advantage Plus Home Loan
Seeking a home loan that provides beyond competitive interest rates? The LIC HFL Advantage Plus Home Loan is structured for maximum gains with interest rates beginning at 8.25% p.a., zero prepayment penalties, and an amazing 2 EMI waivers within the term. Whether being a salaried individual or self-employed, NoBroker makes the process of applying hassle-free, offering end-to-end assistance to receive faster approval.
LIC HFL Advantage Plus Home Loan: Everything You Need to Know
Are you looking to switch your existing home loan or want better benefits with flexible repayment? The LIC HFL Advantage Plus Home Loan could be your ideal solution. With interest rates starting at 8.25% p.a., zero prepayment penalties, and 2 EMI waivers, this scheme is tailored for salaried and self-employed professionals seeking long-term affordability. Apply now through NoBroker and get expert assistance to make your home loan process for LIC HFL Advantage Plus Home loan hassle-free and efficient.
LIC HFL Advantage Plus Home Loan Overview
| Features | Details |
| Loan Name | LIC HFL Advantage Plus Scheme |
| Loan Amount | Up to Rs. 5 crore |
| Interest Rate (Salaried) | 8.25% to 8.50% p.a. |
| Interest Rate (Self-Employed) | 8.50% to 8.75% p.a. |
| Repayment Tenure | Up to 30 years |
| EMI Waiver | 2 EMI Waivers Available |
| Prepayment Charges | No pre-payment penalty |
| Eligible Applicants | Salaried & Self-employed |
| Processing Fees | 0% – 0.50% |
| Application Mode | Through NoBroker – Faster & Simpler |
What is LIC HFL Advantage Plus Home Loan?
LIC HFL Advantage Plus Home Loan is a carefully handpicked plan by LIC Housing Finance Limited for those who want to shift their current home loan or new home buyers who desire additional benefits. The 2 EMI waivers, low interest rates, and total transparency in terms of charges and prepayments are two of the major attractions of the loan. With the support of LIC and the assistance of NoBroker, this plan LIC HFL Advantage Plus Home Loan provides flexibility and convenience.
Key Features of LIC HFL Advantage Plus Scheme
- Interest rates starting from 8.25% p.a. for salaried individuals
- 2 EMI waivers for eligible borrowers
- Loan amounts up to Rs. 5 crore
- Zero prepayment or foreclosure charges
- Flexible repayment tenure of up to 30 years
- Available for both salaried and self-employed applicants
- Application made easier via NoBroker’s end-to-end support
Why Apply via NoBroker for LIC Advantage Plus Home Loan?
Applying through NoBroker provides:
- Expert guidance and handholding throughout the loan process
- Customized loan proposals according to your credentials
- Document support from end to end
- Swifter processing and faster disbursal of the loan
You won’t have to go to many branches or fill out complex forms. NoBroker acts as your reliable loan partner, making sure everything from paperwork to approval happens smoothly.
LIC HFL Home Loan Interest Rate Comparison
| Scheme Name | Salaried (Interest Rate) | Self-employed (Interest Rate) |
| LIC HFL Home Loan | 8.25% p.a. onwards | 8.50% p.a. onwards |
| LIC HFL Griha Suvidha | 8.50% p.a. onwards | 8.75% p.a. onwards |
| LIC HFL Home Construction Loan | 9.10% p.a. onwards | 9.10% p.a. onwards |
| LIC HFL Advantage Plus | 8.25% – 8.50% p.a. | 8.50% – 8.75% p.a. |
LIC HFL Home Loan Eligibility Criteria
| Criteria | Requirement |
| Age Limit | Salaried: up to 50 years self-employed: up to 75 years |
| Credit Score | Minimum 600 |
| Income | Minimum Rs. 30,000 per month |
| Employment | Salaried or Self-employed |
| Work Experience | Minimum 2 years |
| Nationality | Resident Indian or NRI |
EMI Calculation Examples (8.50% p.a.)
| Loan Amount | 10 Years EMI | 20 Years EMI | 30 Years EMI |
| Rs. 10 lakh | Rs. 12,399 | Rs. 8,678 | Rs. 7,689 |
| Rs. 20 lakh | Rs. 24,797 | Rs. 17,356 | Rs. 15,378 |
| Rs. 40 lakh | Rs. 49,594 | Rs. 34,713 | Rs. 30,757 |
| Rs. 50 lakh | Rs. 61,993 | Rs. 43,391 | Rs. 38,446 |
Documents Required for LIC HFL Advantage Plus Home Loan
For Salaried Applicants:
- Last 6-12 months’ bank statements
- Latest salary slips
- Form 16
For Self-Employed Applicants:
- ITRs and financials for the last 3 years
- Last 6-12 months’ bank statements
Common Documents:
- PAN Card, Aadhaar Card, Passport or Driving License
- Property documents such as tax paid receipt, allotment letter, ownership proof
How to Apply for LIC Advantage Plus Home Loan via NoBroker?
It is easy and hassle-free to apply through NoBroker:
- Go to the NoBroker Home Loan page
- Provide preliminary information regarding your income, employment status, and property
- Receive personalized quotes from LIC HFL
- Submit documents online
- Get real-time approval and disbursal update
Benefits of LIC Advantage Plus Scheme through NoBroker
- Special support for quicker approvals
- 2 EMI waivers saving you money
- No cumbersome visits to various banks
- Improved negotiation with LIC HFL
- Online submission of documents
Conclusion:
The LIC HFL Advantage Plus Home Loan is ideal for you because of the one-of-a-kind benefits available to you such as 2 EMI waivers, no prepayment charges, and a lower interest rate starting at 8.25% p.a. Assuming you are applying through NoBroker, you also build access to efficient processing with specialists who can handle your application from start to finish. Whether you are choosing to transfer your existing loan or begin a new application, this program offers a smart pathway toward long-term financial convenience. Start your journey today and take your first step toward a hassle-free home loan.
