Griha Suvidha Asha Home Loan
Home loans for Group D / Class IV employees and self-employed borrowers, backed by a mortgage guarantee.
- Rates from
- 7.40%*
- Loan
- ₹5L–₹3 Cr
- Cash salary
- Up to 30%
- Processing fee
- 0.25%, max ₹15k
Quick answer: LIC HFL Griha Suvidha is a home loan for people a regular loan can miss: salaried employees paid partly in cash (at least 70% through the bank), applicants close to retirement who need a longer term, and self-employed borrowers who want to repay up to age 75. Rates start at 7.40% (salaried) and 7.55% (self-employed) for CIBIL 825+, for loans from ₹5 lakh to ₹3 crore.
By Vijay Arjun V (B.Pharm, PGDM): authorised LIC HFL DSA since 2002 and DME (Direct Marketing Executive) appointed by LIC HFL. Terms checked on lichousing.com on 14 October 2026.
Griha Suvidha makes home ownership accessible to people a regular home loan can miss — employees who get part of their salary in cash, applicants close to retirement who need a longer term, and self-employed borrowers who need an extended tenure.
Who can apply
- Salaried applicants who receive part of their salary in cash (at least 70% must come through a bank)
- Applicants nearing retirement who want an extended loan term
- Self-employed individuals who want an extended loan term
Key features
- Cash components such as OT, incentives, bonus or reimbursements not in Form 16 can count as additional income — up to 30% of total income
- Loan term up to the retirement age of the senior applicant whose income is considered
- Up to 2 cash-salaried borrowers can be co-applicants
- For cash-salaried borrowers, gross income is capped at ₹30,000/month for one borrower and ₹40,000/month in total for more than one
- Processing fee: 0.25% up to ₹1 crore (max ₹15,000 + GST); ₹20,000 + GST for ₹1–2 crore; ₹25,000 + GST for ₹2–5 crore
Who is Griha Suvidha for?
| Situation | How Griha Suvidha helps |
|---|---|
| Part of your salary is paid in cash | Cash components (OT, incentives, bonus, vehicle or other reimbursements not in Form 16) count as income, up to 30% of total income; at least 70% of salary must come through the bank. Gross income is capped at ₹30,000 a month for one cash-salaried borrower and ₹40,000 in total for more than one (maximum two) |
| You are nearing retirement | The term can run up to 10 years beyond retirement (for example, age 45 retiring at 58 can get 23 years, to age 68). Maximum term 30 years; maximum age at application 50 |
| You are self-employed and want a longer term | The term can run beyond age 70, up to age 75 of the senior applicant; maximum 30 years |
What is the Griha Suvidha interest rate?
| CIBIL score | Salaried | Self-employed |
|---|---|---|
| 825 and above | 7.40% | 7.55% |
| 800–824 | 7.60% | 7.75% |
| 775–799 | 7.75% | 7.90% |
| 750–774 | 7.85% | 8.00% |
Rates are for loans above ₹5 lakh and up to ₹1 crore (₹3 crore for the top two bands). Lower scores pay more; see LIC HFL’s regular rates in LIC HFL home loan rates, October 2026.
Other costs to know
- Mortgage guarantee premium: Griha Suvidha loans are guaranteed by IMGC, so a one-time premium applies. For salaried borrowers it ranges from 0.90% to 1.55% of the loan, depending on the loan-to-value ratio and loan size (1.00% to 1.75% for self-employed).
- Processing fee: 0.25% of the loan up to ₹1 crore, capped at ₹15,000 + GST; ₹20,000 + GST for ₹1–2 crore; ₹25,000 + GST for ₹2–5 crore.
Example: a ₹30 lakh loan over 20 years costs ₹23,985 a month at 7.40%, against ₹23,530 at the regular 7.15%. Not sure which scheme fits? Compare with Griha Suvidha Asha and Griha Sugam.
Source: lichousing.com Griha Suvidha home loan page (eligible customers, mortgage guarantee premium, processing fee, rates by CIBIL score), checked 14 October 2026. EMI figures are our calculations.
How Hyderabad Home Loans helps
- We check your eligibility and confirm whether this scheme is the best fit before you apply.
- We review your documents before they go to LIC HFL, so there are fewer queries later.
- We track your file with LIC HFL through sanction and disbursement.
*Starting rate for eligible borrowers, as published by LIC HFL (updated September 2026). Your rate depends on CIBIL score, loan amount, profile and LIC HFL credit policy — we confirm it before you apply.
Frequently asked questions
Yes, under Griha Suvidha — as long as at least 70% of your salary comes through a bank. Cash components can count for up to 30% of your total income.
Griha Suvidha is designed for applicants nearing retirement who want an extended term. The term runs up to the retirement age of the senior applicant whose income is considered — adding a younger co-applicant can help.
Usually slightly higher than LIC HFL’s regular Home Loan — Griha Suvidha rates start from 7.40%, compared with 7.15% for the regular Home Loan. We confirm the exact rate for your profile before you apply.
Helpful guides
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Hyderabad Home Loans (Elite Financial Services) is an authorised Direct Selling Agent of LIC Housing Finance Ltd. Product names, features and rates are as published by LIC HFL; sanction, rate and terms are at LIC HFL’s sole discretion. Final eligibility is subject to lender assessment.