Home Loan
Buy a new, under-construction or resale flat or independent house.
- Rates from
- 7.15%*
- Tenure
- Up to age 80
- Max term
- 30 years
- Entry age
- Up to 65
Quick answer: LIC HFL’s home loan for pensioners is for people on a defined benefit pension (up to age 65) and for government, PSU and nationalised-bank employees who will get one. The loan can run until you turn 80, up to 30 years, at the same rates as other LIC HFL home loans (from 7.15%). Your spouse joins as co-applicant, and adding a working son or daughter raises the loan.
By Vijay Arjun V (B.Pharm, PGDM), authorised LIC HFL DSA since 2002. Terms checked on lichousing.com on 13 October 2026.
LIC HFL’s Home Loan for Pensioners is built for people drawing — or about to draw — a pension under a Defined Benefit Pension Scheme (DBPS).
You can repay until you turn 80 (maximum 30 years), and add your working children as co-applicants so their income raises the loan amount you qualify for.
Who can apply
- Individuals drawing pension under a Defined Benefit Pension Scheme, up to 65 years of age
- State government employees eligible for DBPS pension
- Employees of PSU insurers, PSUs, nationalised banks, and Central / State Government eligible for DBPS pension
Key features
- Loan term up to the age of 80 of the pensioner, or 30 years — whichever is earlier
- Spouse must be a joint applicant, whoever owns the property
- Children can be co-applicants; their income is added for a longer term and higher eligibility
- If a younger co-applicant’s income is used, the term runs up to 30 years or until that applicant turns 80, whichever is earlier
How long can a pensioner’s home loan run?
| Your age when you apply | Maximum term on your pension alone | With a younger earning co-applicant |
|---|---|---|
| 60 | 20 years | Up to 30 years |
| 63 | 17 years | Up to 30 years |
| 65 | 15 years | Up to 30 years |
With a co-applicant’s income counted, the term runs up to 30 years or until that younger applicant turns 80, whichever is earlier.
How much home loan can a pensioner get?
It depends on the EMI LIC HFL allows from your pension, the term and the property value. At 7.15% (CIBIL 825+), our calculation:
| Example | EMI | Term | Approximate loan |
|---|---|---|---|
| Aged 60, pension only | ₹25,000 | 20 years | ₹31.9 lakh |
| Aged 65, pension only | ₹25,000 | 15 years | ₹27.6 lakh |
| Aged 65 with a working son or daughter | ₹40,000 | 20 years | ₹51.0 lakh |
More examples and how LIC HFL assesses pension income: how much home loan a pensioner can get.
What interest rate do pensioners pay?
The same rate card as other LIC HFL home loans, by CIBIL score (loans up to ₹1 crore):
| CIBIL score | Rate |
|---|---|
| 825 and above | 7.15% |
| 800–824 | 7.35% |
| 775–799 | 7.50% |
| 750–774 | 7.60% |
| 725–749 | 7.80% |
| 700–724 | 8.10% |
In a joint loan LIC HFL uses the highest CIBIL score among the applicants, so a co-applicant with a strong score can lower the rate. Current rates: LIC HFL home loan rates, October 2026.
Documents pensioners need
- KYC (PAN, Aadhaar, address proof) for every applicant
- Pension Payment Order (PPO) and bank statements showing pension credits for the last 6–12 months
- For working co-applicants: salary slips and Form 16, or ITRs if self-employed
- Property documents. Full list: documents required for a home loan
Still in government service and planning ahead? See home loans for government employees.
Source: lichousing.com home loan for pensioners and home loan pages (eligibility, term up to age 80, rates by CIBIL score), checked 13 October 2026. Loan and 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
Until you turn 80, or for a maximum of 30 years — whichever comes first.
Yes. Children can be co-applicants and their income is added to increase the eligible loan amount and allow a longer term. Your spouse must also be a joint applicant.
People drawing pension under a Defined Benefit Pension Scheme (up to 65 years of age), and government, PSU and nationalised-bank employees who will be eligible for such a pension.
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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.