LICHFL Slashes Home Loan Interest Rate to 7.5% p.a.* – A Big Relief for New Home Buyers!
Are you planning to buy your dream home in 2025? Here’s some exciting news! LIC Housing Finance Limited (LICHFL) has *reduced its home loan interest rate to just 7.5% p.a. for new applicants. This move makes homeownership more affordable and accessible across India, especially for salaried individuals, first-time home buyers, and families looking to shift into a new home.
🔑 Key Highlights of LICHFL’s New 7.5% p.a.* Home Loan Offer
- ✅ Interest Rate: Starting from just 7.5% p.a. for new borrowers*
- ✅ Applicable For: Salaried and self-employed individuals
- ✅ Loan Tenure: Up to 30 years
- ✅ Loan Amount: Up to 90% of property cost (based on eligibility)
- ✅ Flexible EMI Options and digital application process
💬 Why This Rate Cut Matters for Home Buyers
In a time when property prices are rising, lower home loan interest rates significantly reduce your monthly EMIs and overall cost of the loan. With LICHFL’s new rate, a homebuyer taking a ₹50 lakh loan for 20 years can save over ₹5 lakhs in total interest!
📉 EMI Calculation Example at 7.5% Interest
| Loan Amount | Tenure | EMI at 7.5% p.a.* |
|---|---|---|
| ₹30 Lakhs | 20 years | ₹24,277 approx. |
| ₹50 Lakhs | 20 years | ₹40,462 approx. |
| ₹75 Lakhs | 25 years | ₹55,696 approx. |
*Actual EMI may vary based on credit score, income, and property type.
📋 Eligibility Criteria for LICHFL Home Loans at 7.5%
To avail the new reduced rate, applicants must meet the following criteria:
- Indian citizen between 21 to 60 years
- Salaried or self-employed professionals
- A stable monthly income and minimum 3 years work experience
- A CIBIL score of 750 or above is preferred
- Property must be legally clear and registered
📑 Documents Required
- PAN Card, Aadhaar Card
- Salary Slips or ITR
- Bank Statements (6 months)
- Property Sale Agreement or Builder Invoice
- Passport-size Photos
🏘️ Who Should Take Advantage of the 7.5% Rate?
This reduced rate is perfect for:
- 🏡 First-time home buyers
- 🔁 People shifting from rented house to owned house
- 🧑💼 Salaried professionals with stable income
- 🏢 Self-employed individuals with verifiable income
- 🔄 Home loan balance transfer seekers
📞 Apply Now with Elite Financial Services – LICHFL MI in Hyderabad
We at Elite Financial Services, a trusted Marketing Intermediary (MI) of LIC Housing Finance, can help you:
- ✅ Check eligibility instantly
- ✅ Complete documentation support
- ✅ Fast approval & disbursement
- ✅ Property legal checks
- ✅ Lowest rate guidance
Call us now or visit:
🌐 www.hyderabadhomeloans.com
📞 +91-8886249998