LIC HFL Home Loan Balance Transfer
Want to lower your monthly EMIs and enjoy good loan benefits? Then LIC HFL Home Loan Balance Transfer can assist in transferring your current home loan to LIC Housing Finance Ltd., so you can enjoy reduced interest rates from 6.90% p.a., extended repayment period up to 30 years, and top-up loan facility. The good news is that NoBroker can assist you in transferring your home loan balance to LIC HFL with ease, speed, and transparency - so you can save, without the unnecessary paperwork and waiting. Discover your options for a brighter financial future with LIC HFL Home Loan Balance Transfer via NoBroker today!
LIC HFL Home Loan Balance Transfer: Lower Your EMI Easily with NoBroker
Reading for a smart way to ease your every-monthly EMI (equated monthly installment) burden? With NoBroker’s Home Loan Balance Transfer service to LIC HFL (LIC Housing Finance Ltd), transfer the balance of your home loan from whichever bank or finance institution you have it with, and enjoy lower interest rates – without the stress that can come from other methods. With LIC HFL Home Loan Balance Transfer, you will enjoy lower interest rates, the facility for top-up loans, less documentation, and you can repay in a tenure of 30 years.
NoBroker is easy to use and the transfer process is an easy burden for you, whether you are a salaried employee or self-employed. Bypass the months of paperwork and the delays of conventional bank procedures—apply for your LIC HFL home loan balance transfer with NoBroker today.
LIC HFL Home Loan Balance Transfer Overview
| Feature | Details |
| Interest Rate | Starts from 6.90% p.a. |
| Maximum Tenure | Up to 30 years or 60 years of age |
| Processing Time | Quick sanction with minimal documents |
| Top-up Loan | Available at attractive rates |
| Prepayment Charges | Nil |
| Eligible Applicants | Salaried, self-employed, NRI |
| Documents Required | KYC, income proof, property papers |
Why Use NoBroker for LIC HFL Home Loan Balance Transfer?
- Easy Process: Transfer your existing home loan without having to go to several bank branches.
- Personalized Support: Our home loan experts provide end-to-end support in the process.
- Best Interest Rates: Get exclusive LIC HFL home loan balance transfer interest rates starting from as low as 6.90% p.a.*
- Save on EMIs: Lower your monthly EMIs by a big margin.
- Top-up Facility: Want some more money? Avail of a top-up loan with your balance transfer.
LIC Home Loan Balance Transfer Interest Rate (Latest)
The LIC home loan balance transfer interest rate depends on your credit score and employment status.
For Salaried and Professional Individuals:
| Loan Amount | CIBIL Score | Interest Rate |
| Up to Rs.50 lakh | Above 700 | 6.90% p.a. |
| 650 – 699 | 7.10% p.a. | |
| 600 – 649 | 7.30% p.a. | |
| Below 600 | 7.50% p.a. | |
| Rs.50 lakh – Rs.1 crore | Above 700 | 6.90% p.a. |
| 650 – 699 | 7.30% p.a. | |
| 600 – 649 | 7.60% p.a. | |
| Rs.1 crore – Rs.3 crore | Above 700 | 6.90% p.a. |
| Rs.3 crore – Rs.15 crore | Above 700 | 6.90% p.a. |
For Non-Salaried and Non-Professional Individuals:
| Loan Amount | CIBIL Score | Interest Rate |
| Up to Rs.50 lakh | Above 700 | 7.00% p.a. |
| 650 – 699 | 7.20% p.a. | |
| 600 – 649 | 7.40% p.a. | |
| Rs.50 lakh – Rs.1 crore | Above 700 | 7.00% p.a. |
| 650 – 699 | 7.40% p.a. | |
| Rs.1 crore – Rs.3 crore | Above 700 | 7.00% p.a. |
| Rs.3 crore – Rs.15 crore | Above 700 | 7.00% p.a. |
Note: Your actual LIC home loan balance transfer interest rate is based on your credit profile and loan quantum.
LIC Home Loan Balance Transfer Charges
One of the primary benefits of LIC HFL home loan balance transfer is the transparent and competitive charge structure. The charges applicable are:
- Processing Fee: Typically 0.25% to 0.50% of the loan amount
- Legal & Technical Charges: Charged as per property and loan value
- Prepayment Charges: NIL for single borrowers
Major LIC HFL Home Loan Balance Transfer Benefits
- Lower Interest Rates: Save greatly on EMIs
- Top-Up Loans: Get additional funds at reduced rates
- Long Repayment Tenure: Up to 30 years
- No Prepayment Penalty: Repay your loan early without additional cost
- Quick Approval: Convenient online loan sanction process
- Minimal Documentation: Easy and hassle-free process
- Improved Eligibility: Joint applicants’ CIBIL score is also considered
LIC Home Loan Balance Transfer Eligibility Criteria
To be eligible to apply for a balance transfer, you should:
- Be an Indian citizen or NRI
- Be self-employed or a salaried individual
- Having a stable source of income
- Have a good loan repayment history
LIC Home Loan Balance Transfer Documents Required
The following are the documents needed:
Income Documents:
- Salary slips (last 3–6 months) or Form 16 (for employees)
- Income tax returns (for the last 3 years) in case of self-employed
- Bank statements (for last 6–12 months)
KYC Documents:
- Aadhaar card
- PAN card
- Address proof
- Passport (for NRIs)
Property Documents:
- Proof of ownership
- Tax receipts
- Allotment letter by builder or society
How NoBroker Assists You in Transferring Your LIC Home Loan
- Free Consultation: Talk to a NoBroker home loan expert.
- Compare Rates: We make interest rates simple and comparable for you.
- Loan Application: Apply with assistance from our expert loan managers.
- Fast Approval: Get quicker disbursal and balance transfer.
- Ongoing Support: From document collection to final approval, we accompany you at every step.
Conclusion: LIC HFL Home Loan Balance Transfer – A Smart Move for Savings
Shifting your current home loan to LIC HFL with NoBroker is an intelligent move to lighten your pockets. With a low interest rate of 6.90% p.a., long tenure options of up to 30 years, and low processing charges, you save a lot on your monthly EMIs. Additionally, with NoBroker’s easy application process and expert guidance, your balance transfer is free from hassles and is quick. If you want to save money, reduce your EMI, or get a top-up loan, LIC HFL Home Loan Balance Transfer with NoBroker is the best option. Apply now and enter the world of a financially lighter tomorrow!
