LIC HFL Home Extension Loan
Want more living space? With LIC HFL Home Extension Loan, you can easily finance your home extension projects - be it a new room, expanding your kitchen or an extra floor. Starting at 6.90% p.a., and with favourable interest rates and repayment options, this loan can be affordable. NoBroker gives you professional help, little paperwork and processes quickly; you do not have to worry and can focus on building your dream home. So apply today, and enjoy a hassle-free loan journey!
LIC HFL Home Extension Loan: Everything You Need to Know
Looking to expand your current home and in need of funds? The LIC HFL Home Extension Loan is designed for individuals who wish to extend their existing property and helps you turn your home extension dreams into reality with interest rates starting from just 6.90% p.a.. With NoBroker, you can easily apply for this loan, enjoy expert assistance, and get the best deal without ever having to visit a bank.
Overview of LIC HFL Home Extension Loan
| Feature | Details |
| Loan Purpose | Extension of existing property |
| Interest Rate | Starting from 6.90% p.a. |
| Tenure | Up to 30 years |
| Employment Type | Salaried / Self-Employed |
| Eligible Applicants | Indian Residents & NRIs |
| Loan Amount Range | Up to Rs. 15 Crore |
| Documentation | Minimal |
| Disbursal | Quick & Efficient |
LIC Home Extension Loan Interest Rates
For Salaried and Professional Individuals
| Loan Amount | CIBIL Score Range | Interest Rate (p.a.) |
| Up to Rs. 50 lakh | 700 or more | 6.90% |
| 650 – 699 | 7.10% | |
| 600 – 649 | 7.30% | |
| Below 600 | 7.50% | |
| Rs. 50 lakh – 1 crore | 700 or more | 6.90% |
| 650 – 699 | 7.30% | |
| 600 – 649 | 7.60% | |
| Below 600 | 7.70% | |
| Rs. 1 crore – 3 crore | 700 or more | 6.90% |
| 650 – 699 | 7.40% | |
| 600 – 649 | 7.70% | |
| Below 600 | 7.70% | |
| Rs. 3 crore – 15 crore | 700 or more | 6.90% |
| 650 – 699 | 7.50% | |
| 600 – 649 | 7.70% | |
| Below 600 | 7.80% |
For Non-Salaried and Non-Professional Individuals
| Loan Amount | CIBIL Score Range | Interest Rate (p.a.) |
| Up to Rs. 50 lakh | 700 or more | 7.00% |
| 650 – 699 | 7.20% | |
| 600 – 649 | 7.40% | |
| Below 600 | 7.60% | |
| Rs. 50 lakh – 1 crore | 700 or more | 7.00% |
| 650 – 699 | 7.40% | |
| 600 – 649 | 7.70% | |
| Below 600 | 7.80% | |
| Rs. 1 crore – 3 crore | 700 or more | 7.00% |
| 650 – 699 | 7.50% | |
| 600 – 649 | 7.80% | |
| Below 600 | 7.80% | |
| Rs. 3 crore – 15 crore | 700 or more | 7.00% |
| 650 – 699 | 7.60% | |
| 600 – 649 | 7.80% | |
| Below 600 | 7.90% |
For Individuals with No CIBIL Score
| Loan Amount | Salaried & Professionals | Non-Salaried & Non-Professionals |
| Up to Rs. 50 lakh | 7.40% | 7.50% |
Features & Benefits of LIC Home Extension Loan
- Competitive interest rates starting from 6.90% p.a.
- Loans are available for up to 30 years
- Suitable for both salaried and self-employed individuals
- Online sanction and minimal documentation
- Quick processing and disbursal
- Services available pan India
- CIBIL score considered for all applicants
- Loans available for Indian residents and NRIs
LIC HFL Home Extension Loan Eligibility Criteria
To apply for the LIC HFL Home Extension Loan, you must meet the following eligibility conditions:
- Must be a salaried or self-employed individual
- Indian Resident or Non-Resident Indian (NRI)
- Must have a stable source of income
Documents Required for LIC Home Extension Loan
Property Related Documents
- Property ownership proof
- Builder’s allotment letter (for flats)
- Updated and paid tax receipts
KYC Documents
- PAN Card
- Aadhaar Card
- Residential Proof
- Passport (for NRIs)
Income Documents
- Bank statements (last 6-12 months)
- Income Tax Returns (last 3 years) – for self-employed
- Salary slips and Form 16 – for salaried
Why Apply with NoBroker?
At NoBroker, we make your home extension journey stress-free. Here’s why you should apply for your LIC home extension loan through us:
- We handle the entire loan process on your behalf
- Get expert assistance for document verification
- Save time with online applications and faster approvals
- Exclusive deals through our partner banks
- No need to visit multiple branches or bank websites
Conclusion:
LIC HFL Home Extension Loan is the ideal solution for homeowners wanting to increase their living area without financial hardship. With low interest rates, extensive repayment period, and NoBroker’s end-to-end assistance, your dream of home extension becomes a reality just a step away. Apply now through NoBroker and experience a hassle-free loan process!
