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LIC HFL Plot Loans
Buying a plot of land is a significant step towards building your dream home. At NoBroker, we’ve partnered with LIC Housing Finance to make this journey smoother for you through an LIC Plot loan. Whether you’re salaried or self-employed, our platform simplifies your application for an LIC HFL plot loan. From low EMIs to competitive LIC plot loan interest rates, we ensure a transparent and fast loan process.
- Rates from 8.50% p.a.
- Sanction in 7 days
- 20+ banking partners
- ₹0 service fee
- Free sale agreement draft
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LIC HFL Plot Loans: Get Your Dream Plot Hassle-Free via NoBroker
Are you planning to purchase a residential plot of land? LIC Housing Finance Ltd. (LIC HFL) offers flexible and affordable plot loans with interest rates starting at just 7.50% p.a. Whether you’re applying for a LIC plot loan or exploring a LIC HFL loan against property, NoBroker makes it seamless. Now, you can easily apply for an LIC HFL plot loan or a LIC land loan without the hassle of paperwork or long queues. We help you through the entire process — from application to loan disbursal — all in one place.
What is a LIC Plot Loan?
A LIC Plot Loan is a financial product offered by LIC Housing Finance Ltd. (LIC HFL). It enables individuals to purchase residential plots for future habitations. It is targeted at planning the purchase of land to build a home. The product is offered to salaried individuals, self-employed persons, and NRIs.
LIC Home Loan Interest Rate
| 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 | |||
Overview of LIC HFL Plot Loans
| Feature | Details |
| Interest Rates | 7.50% p.a. to 8.50% p.a. |
| Loan Tenure | Up to 30 years |
| Maximum Loan Amount | Up to 75% of the property value |
| Eligibility | Salaried, self-employed, professionals, NRIs |
| Loan Types | Composite Loan, plot loan, LIC Housing Finance |
| EMI Calculator | Available via NoBroker’s LIC plot loan EMI calculator |
Types of LIC Housing Finance Plot Loans
LIC HFL offers two main LIC plot loan products:
1. Composite Loan (Plot Purchase + Construction)
- Loan tenure: Up to 30 years
- Up to 60% of the loan amount for plot purchase
- The remaining 40% for house construction
- Construction must begin within 3 years of plot purchase
2. Plot Loan from Government/Approved Authorities
- Tenure: Up to 15 years
- Only for land purchased from approved government bodies or statutory authorities
- Loan up to 75% of the plot value
LIC Plot Loan Interest Rates (2023)
The LIC plot loan interest rate varies based on credit score, employment status, and loan amount. Here’s a detailed breakdown:
For Salaried and Professionals:
| Loan Amount | Credit Score | Interest Rate |
| Up to ₹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. | |
| Below 600 | 7.70% p.a. |
For Non-Salaried and Non-Professionals:
| Loan Amount | Credit Score | Interest Rate |
| Up to ₹50 lakh | Above 700 | 7.00% p.a. |
| 650-699 | 7.20% p.a. | |
| 600-649 | 7.40% p.a. | |
| Below 600 | 7.60% p.a. | |
| Rs 50 lakh – Rs 1 crore | Above 700 | 7.00% p.a. |
| 650-699 | 7.40% p.a. | |
| 600-649 | 7.70% p.a. | |
| Below 600 | 7.80% p.a. |
LIC Plot Loan Eligibility Criteria
To apply for a LIC housing finance plot loan, you must be:
- A resident or Non-resident Indian (NRI)
- Salaried employee (private, public, or government)
- Self-employed or a professional
Documents Required for LIC Land Loan
To apply for the LIC Plot Loan through NoBroker, you’ll need the following documents:
For Salaried Individuals:
- Last 6–12 months’ bank statements
- The last 3 years’ Income Tax Returns
- Salary slips & Form 16
For Self-Employed:
- Bank statements (6–12 months)
- Last 3yearsR & financial statements
KYC Documents:
- Aadhaar, PAN card
- Address proof
- Passport (for NRIs)
- Property-related documents
Why Apply for LIC Plot Loan via NoBroker?
- Easy online application
- Faster approvals
- Support at every stage
- Use of the LIC plot loan EMI calculator
- Exclusive rates negotiated by NoBroker
Quick Features of LIC Plot Loan
- Interest Rate: Starts from 7.50% p.a.
- Loan Tenure: Up to 30 years
- Loan Amount: Up to 75% of the plot value
- Eligibility: Salaried, self-employed, and NRIs
- Loan Types: Plot Loan, Composite Loan (Plot + Construction)
- EMI Calculator: Available on NoBroker for planning
- Documents Required: KYC, income proof, and property papers
Features of LIC Plot Loan
| Feature | Details |
| Interest Rate | 7.50% – 8.50% p.a. (based on credit score & profile) |
| Loan Tenure | Up to 30 years |
| Loan Coverage | Up to 75% of the plot value |
| Loan Types | Plot Loan & Composite Loan |
| Eligibility | Salaried, Self-employed, NRIs |
| Property Type | Residential plots from the government/approved authorities |
| Disbursal Time | Quick processing through the NoBroker platform |
| Application Mode | 100% online application with minimal documentation |
LIC Plot Loan EMI Calculator
Want to estimate your EMI before applying? Use the LIC plot loan EMI calculator on NoBroker to calculate your monthly installments based on the interest rate, loan amount, and tenure. It helps you plan your finances better and choose a comfortable repayment plan for your LIC HFL plot loan or LIC housing plot loan.
Conclusion:
If you are looking for finance for a residential land purchase, the LIC Plot Loan is the solution. LIC Plot Loan for your new land. LIC Plot Loan offers interest rates from 7.50% pa to 8.50% pa, tenure up to 30 years, and 75% of plot value finance. They also boast a glorious and hassle-free method of applying using NoBroker, which offers a core banking model for smooth, transparent, and speedy pre-approval and approvals. By using NoBroker’s LIC Plot EMI Calculator, you can understand your monthly installments and find plans that suit your monthly payment requirements. If you want to start owning your plot today, look no further than the LIC Housing Finance Plot Loan, whether you’re going for a LIC housing plot loan or comparing it with the LIC HFL loan against property and the loan against property LIC HFL interest rates.
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Last Updated: Jun 24, 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.
Top questions asked
The interest rates are between 6.90% p.a. and 7.90% p.a. For LIC Plot Loans, based on credit score, employment, and loan size.
Yes, LIC HFL provides standalone plot loans and composite loans (plot + construction).
You can take up to 75% of the value of the plot as a loan.
Go to NoBroker's website, select your loan product, and upload documents, and we will assist you through each step.
Yes, you can calculate the monthly repayment using the EMI calculator.
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