Home Loan
Buy a new, under-construction or resale flat or independent house.
- Rates from
- 7.15%*
- Top-up
- Available
- Pre-payment
- No charges
- Tenure
- Up to 30 yrs
Quick answer: A home loan balance transfer to LIC HFL moves your outstanding loan from another bank or HFC to LIC HFL’s lower rate, from 7.15% (CIBIL 825+). Under LIC HFL’s Homecoming scheme there is no processing fee on the transfer or the top-up, for resident Indians with a CIBIL score of 725+ and 18 months of default-free repayment. The top-up costs 0.50% above your home loan rate.
By Vijay Arjun V (B.Pharm, PGDM), authorised LIC HFL DSA since 2002. Terms checked on lichousing.com on 13 October 2026.
If you’re paying a higher rate with another lender, you can transfer your outstanding home loan to LIC HFL and pay a lower rate on it — which can reduce your EMI or shorten your tenure.
You can also take a top-up loan at an attractive rate along with the transfer.
Who can apply
- Existing home-loan borrowers with another bank or HFC
- Borrowers with a good repayment track record
- Anyone needing extra funds via a top-up
Key features
- Lower rate of interest on your outstanding home loan
- Top-up loan at an attractive rate of interest
- No pre-payment charges
- Maximum tenure up to 30 years (salaried) / 20 years (self-employed)
- Online sanction and simple documentation
- Up to 90% of property value for loans up to ₹30 lakh
- Up to 80% for loans of ₹30–75 lakh
- Up to 75% for loans above ₹75 lakh
Documents to keep ready
- Latest loan account statement from your current lender
- List of property documents held by your current lender
- KYC and income documents
How much can you save by moving your home loan to LIC HFL?
Our calculation, keeping the remaining term the same and moving to 7.15%:
| Outstanding loan | Remaining term | Current rate | EMI saving a month | Interest saved |
|---|---|---|---|---|
| ₹30 lakh | 15 years | 8.75% | ₹2,766 | about ₹5.0 lakh |
| ₹50 lakh | 20 years | 9.00% | ₹5,770 | about ₹13.8 lakh |
| ₹75 lakh | 20 years | 8.50% | ₹6,262 | about ₹15.0 lakh |
Your actual saving depends on your CIBIL score (which sets your LIC HFL rate) and the switching costs. Work it out with the balance transfer calculator or read how much a balance transfer saves.
Homecoming offer at a glance
| LIC HFL Homecoming / Homecoming Top-Up | |
|---|---|
| Who can apply | Resident Indian individuals, salaried or self-employed |
| Processing fee | Nil on the transfer and the top-up (offer period as communicated by LIC HFL: until 31 December 2026) |
| CIBIL score | 725 or above |
| Track record | At least 18 months on the existing loan, with no defaults |
| Loan amount | ₹5 lakh to ₹15 crore (transfer plus top-up) |
| Maximum loan | Up to 75% of the property’s value |
| Top-up rate | 0.50% above your home loan rate (outside Homecoming, LIC HFL’s top-up on a transfer is 9.75%) |
Full details and eligibility: LIC HFL Homecoming balance transfer offer.
When does a balance transfer make sense?
- The rate gap is about 0.5% or more
- Ten or more years are left on your loan, so the saving outweighs the switching cost
- Your repayment record is clean and your CIBIL score is good
- Your current lender will not match the rate (ask them first; some offer a conversion for a fee)
Under RBI rules, your current lender cannot charge a foreclosure penalty on a floating-rate home loan taken by an individual. See home loan foreclosure.
How the transfer works, step by step
- Send us your latest loan statement and sanction letter; we calculate the saving and your LIC HFL rate.
- LIC HFL sanctions the transfer (and any top-up) after checking your income, CIBIL score and property.
- Get a foreclosure letter and the list of property documents from your current lender.
- LIC HFL pays your current lender directly; your original documents are released to LIC HFL and the new mortgage is created.
- Your EMIs start with LIC HFL at the new rate.
Sources: lichousing.com home loan balance transfer and home loan pages (rates by CIBIL score), and the Homecoming scheme page on lichousing.com, checked 13 October 2026. EMI and savings 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
Example: a ₹50 lakh loan with 20 years left, moved from 9% to 7.15%, cuts the EMI by about ₹5,770 a month — roughly ₹13.8 lakh less interest over the remaining tenure. Switching costs (processing fee, MODT stamp duty, legal charges) are usually recovered within a year. Your saving depends on your rate, balance and tenure — we calculate it from your loan statement.
It depends on the rate gap, your outstanding amount and remaining tenure, minus the costs of switching (processing fee, MODT stamp duty and legal charges). As a rule of thumb, a gap of 0.5% or more with 10+ years left pays off within a year. Share your loan statement and we’ll calculate the actual saving.
Under RBI rules, lenders cannot charge foreclosure or prepayment penalties on floating-rate home loans to individual borrowers. Fixed-rate loans can have charges — check your sanction letter.
Yes. LIC HFL offers a top-up loan at an attractive rate along with the balance transfer.
Your latest loan statement, the list of property documents with your current lender, plus your KYC and income documents.
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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.