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LIC home loan balance transfer facilities, beginning with interest rates of 7.50%per annum to enable the transferor to bring down his EMI and save money on interest. The upper limit on loans for transfer is ₹3 crores, with a flexible repayment term up to 30 years. Those eligible include both salaried and self-employed persons with no penalties for prepayment. A sound CIBIL rating (700 and above) will get the best rates applied, particularly with loans ranging from ₹50 lakh to ₹3 crore. LIC’s home loan transfer allows you to take back control of your finances while reducing stress in repaying them.
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Last Updated: Jun 22, 2026
Education — BTech (IIT Guwahati), IIM Bangalore
With 7 years of hands-on experience structuring home loans across both public and private lending institutions, Suraj Mudaliar brings sharp, practical expertise to every borrower's journey. He specializes in loan eligibility assessment, balance transfers, and EMI optimization — helping customers not just get a loan, but get the right loan for their financial situation.
Want to pay less on your home loan? You can now transfer your loan to LIC with interest rates as low as 7.50% p.a. and reduce your EMIs.
LIC welcomes both salaried professionals and self-employed individuals to transfer their existing home loans up to ₹3 crore. The balance transfer facility comes with a 30-year maximum repayment period and zero prepayment charges. This gives you more control over your finances. Your CIBIL score above 700 helps you get the best rates on loans between ₹50 lakh and ₹3 crore.
This piece walks you through all the details you need to transfer your home loan to LIC. You’ll learn about interest rates, who can apply, and what documents you need.
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| >800 | 7.50% |
<=30 Lakh
|
90%
|
| 775-779 | 7.85% | ||
| 750-774 | 7.95% |
30<75 Lakh
|
80%
|
| 725-749 | 8.15% | ||
| 700-724 |
8.50%
|
75 Lakh>
|
75%
|
| -1/NTC | 8-8.5% | – | – |
| Apply Now | |||
You could lower your financial burden by transferring your existing home loan to LIC Housing Finance. LIC home loan balance transfer starts with competitive interest rates from 7.50% p.a.. This makes it a great choice if you’re looking for better loan terms.
LIC Housing Finance home loan transfer lets you borrow up to 90% of your property value with a maximum limit of ₹15 crore. The repayment tenure stretches up to 30 years for salaried individuals and 25 years for self-employed professionals. This flexibility helps you pick smaller EMIs over a longer period.
The LIC home loan transfer process keeps things simple with minimal paperwork. Quick online processing and faster loan sanctions mean you’ll start saving money sooner with your transferred loan.
Lower interest rates on top-up loans add extra value. You can get additional funds for home renovation, education expenses, or other financial needs without a separate loan application.
The processing fees for home loan transfers to LIC vary based on the loan amount:
| Loan Amount | Processing Fee |
| Up to ₹2 Crores | 0.25% of the loan amount |
| Above ₹2 Crores and up to ₹5 Crores | 0.25% of the loan amount |
| Above ₹5 Crores and up to ₹15 Crores | ₹50,000 plus GST |
LIC doesn’t charge any prepayment penalties when you pay with your funds. This gives you the freedom to close your loan early without extra costs.
The bank looks at the CIBIL score of joint applicants. This helps families qualify more easily when multiple members contribute to household income.
The LIC housing loan interest rates stay competitive and help reduce your EMIs substantially. You’ll get better financial flexibility while working with a trusted financial institution.
LIC home loan balance transfer rates start at 7.50% p.a.. These rates make LIC Housing Finance one of the best options available today. Your credit profile, loan amount, and job type affect the final rate you get.
The LIC home loan balance transfer interest rates are quite attractive. If you have a salaried job or work as a professional, rates begin at 7.50% p.a. for loans up to ₹15 crore. Self-employed borrowers get rates starting at 7.85% p.a.. Your CIBIL score plays a key role in determining your rate.
Here’s how LIC housing finance interest rates work for balance transfers based on credit scores:
| Loan Amount | CIBIL Score Range | Salaried & Professionals | Non-Salaried & Non-Professionals |
| Up to ₹50 lakh | Above 700 | 6.90% p.a. | 7.00% p.a. |
| 650 – 699 | 7.10% p.a. | 7.20% p.a. | |
| 600 – 649 | 7.30% p.a. | 7.40% p.a. | |
| Below 600 | 7.50% p.a. | 7.60% p.a. | |
| ₹50 lakh to ₹1 crore | Above 700 | 6.90% p.a. | 7.00% p.a. |
| 650 – 699 | 7.30% p.a. | 7.40% p.a. | |
| 600 – 649 | 7.60% p.a. | 7.70% p.a. | |
| Below 600 | 7.70% p.a. | 7.80% p.a. | |
| ₹1 crore to ₹3 crore | Above 700 | 6.90% p.a. | 7.00% p.a. |
| 650 – 699 | 7.40% p.a. | 7.50% p.a. | |
| 600 – 649 | 7.70% p.a. | 7.80% p.a. | |
| Below 600 | 7.70% p.a. | 7.80% p.a. | |
| ₹3 crore to ₹15 crore | Above 700 | 6.90% p.a. | 7.00% p.a. |
| 650 – 699 | 7.50% p.a. | 7.60% p.a. | |
| 600 – 649 | 7.70% p.a. | 7.80% p.a. | |
| Below 600 | 7.80% p.a. | 7.90% p.a. |
LIC won’t charge you for prepayment or foreclosure if you use your own money. But there’s a 2% fee if you pay from other sources. Document services come with their fees – ₹2,500 for retrieval, ₹500 for lists, and ₹1,000 for title document copies.
Additional charges include ₹350 for bounced checks and ₹200 for ECS/NACH dishonor. Late payments cost 1.50% monthly for the first year and 1.75% after that. These details help you understand the real cost of your home loan transfer to LIC.
Want to transfer your lic home loan? You’ll need to know if you qualify and what paperwork you need. Getting everything ready beforehand will speed up your application by a lot.
| Criteria | Eligibility Requirements |
| Age | 21 – 60 years (salaried) / Up to 65 years (self-employed) |
| Employment Type | Salaried or Self-Employed |
| Minimum Income | ₹25,000 per month (varies based on loan amount) |
| Loan Tenure | Up to 30 years (subject to the borrower’s age) |
| CIBIL Score | 700 or above (preferred) |
| Loan Repayment History | No defaults on existing home loan for at least 12 months |
| Property Type | Residential (Flat/Apartment/House) |
| Existing Loan Tenure | Minimum of 12 months with the current lender |
| Loan Amount | Depends on income and property valuation |
| Employment Stability | Salaried: Minimum 2 years of work experience; Self-employed: Minimum 3 years in business |
Here’s what you’ll need to submit for a lic housing finance home loan transfer, based on your employment:
| Document Type | Salaried | Self-Employed | NRI |
| Identity Proof | PAN Card, Aadhaar, Voter ID, Passport, Driver’s License | PAN Card, Aadhaar, Voter ID, Passport | Passport (mandatory), PAN Card |
| Income Proof | 6 months’ salary slips, 6 months’ bank statements, Form 16 | 3 years’ ITR, P&L Account, Balance Sheet, 12 months’ bank statements | Job confirmation, 6 months’ bank statements |
| Property Documents | Ownership proof, society allotment letter, tax receipts | Ownership proof, society allotment letter, tax receipts | Ownership proof, society allotment letter, tax receipts |
You’ll also need some papers from your current lender, including a No Objection Certificate (NOC), details about your remaining loan balance, and property documents. Make sure to self-attest all original documents and organize them properly.
Pensioners must include their spouse as a joint applicant, no matter who owns the property. Children can join as co-applicants too, and their income helps secure a bigger loan amount and longer repayment period.
A complete and accurate set of documents will make your LIC home loan transfer process much smoother.
LIC home loan transfer is a practical choice to get better loan terms and lower EMIs. The competitive interest rates begin at 7.50% p.a., and loan amounts go up to ₹15 crore. This makes it an attractive option if you have a salaried job or are self-employed.
A simple documentation process and low processing fees make this option more appealing. The program offers great financial advantages through zero processing fees for women borrowers. You can also choose flexible repayment tenures up to 30 years.
Your CIBIL score should be above 700 to reduce your home loan burden by transferring it to LIC. This could be a smart financial decision. Note that you should compare your current loan terms with LIC’s offering and calculate your potential savings before switching. Once you have the proper documentation and meet the eligibility criteria, you can easily switch to better loan terms and start saving on your EMIs immediately.
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