Home Construction Loan
Build a house on a plot you already own.
- Rates from
- 7.35%*
- Funding
- Up to 75%
- Tenure
- Up to 15 yrs
- Plot + build
- Up to 30 yrs
Quick answer: An LIC HFL plot loan in Hyderabad costs from 7.35% (salaried) or 7.50% (self-employed) at a CIBIL score of 825+. LIC HFL funds up to 75% of the plot value for up to 15 years, for residential plots in approved layouts. A composite plot-plus-construction loan runs up to 30 years if you build within 3 years. Residents and NRIs can apply.
By Vijay Arjun V (B.Pharm, PGDM), authorised LIC HFL DSA since 2002. Terms checked on lichousing.com on 13 October 2026.
An LIC HFL Plot Loan helps you buy a residential plot from a government body, development authority or an approved layout.
If you plan to build soon, the Composite Loan covers both the plot purchase and the house construction in one loan — provided construction is completed within 3 years of buying the plot. Full details: plot + construction (composite) loan.
Who can apply
- Resident Indian individuals
- Non-Resident Indians (NRIs)
- Salaried and self-employed applicants
Key features
- Plot purchase: up to 75% of the property value, repayable over up to 15 years
- Composite loan (plot + construction): tenure up to 30 years
- Composite loan requires construction to be completed within 3 years of the plot purchase
- Online sanction facility and simple documentation
- Takeover / balance transfer of existing loans possible
What is the LIC HFL plot loan interest rate?
LIC HFL’s plot loan rates (loans up to ₹1 crore, floating, linked to LHPLR):
| CIBIL score | Salaried | Self-employed |
|---|---|---|
| 825 and above | 7.35% | 7.50% |
| 800–824 | 7.55% | 7.70% |
| 775–799 | 7.70% | 7.85% |
| 750–774 | 7.80% | 7.95% |
| 725–749 | 8.00% | 8.15% |
| 700–724 | 8.30% | 8.55% |
| 650–699 | 9.10% | 9.35% |
- Plot loan rates are about 0.20% higher than LIC HFL’s home loan rates; see home loan rates, October 2026.
- The plot loan rate card starts at a CIBIL score of 650. New-to-credit applicants (score 150–200) pay 8.00% up to ₹35 lakh (salaried). See minimum CIBIL score.
- In a joint loan, the highest CIBIL score among the applicants is used.
Plot loan EMI: worked examples
At 7.35% for 15 years, with LIC HFL funding 75% of the plot value (our calculation):
| Plot value | Loan (75%) | Your share (25%) | EMI | Total interest |
|---|---|---|---|---|
| ₹40 lakh | ₹30 lakh | ₹10 lakh | ₹27,555 | about ₹19.6 lakh |
| ₹50 lakh | ₹37.5 lakh | ₹12.5 lakh | ₹34,444 | about ₹24.5 lakh |
| ₹60 lakh | ₹45 lakh | ₹15 lakh | ₹41,333 | about ₹29.4 lakh |
Stamp duty and registration are extra and not funded; work them out in plot purchase cost in Telangana. Try your own numbers in the EMI calculator.
Plot loan or composite loan?
| Plot loan | Composite loan (plot + house) | |
|---|---|---|
| Purpose | Buy a residential plot | Buy a plot and build a house on it |
| Funding | Up to 75% of the plot value | Plot and construction, disbursed in stages |
| Maximum term | 15 years | 30 years |
| Condition | No need to build | Construction to be completed within 3 years of buying the plot |
Already own a plot and ready to build? See the home construction loan.
Which plots in Hyderabad qualify for an LIC HFL loan?
LIC HFL funds residential plots bought from government bodies, development authorities or approved layouts. In and around Hyderabad that usually means an HMDA- or DTCP-approved layout, or a plot regularised under LRS. Agricultural land and unapproved layouts are not funded.
- How to tell HMDA and DTCP layouts apart: HMDA vs DTCP plot loans
- Plots regularised under LRS: LRS plots and home loans
- Checking land records on Bhu Bharati: Bhu Bharati and plot loans
- Where buyers are looking: open plots in Patancheru, Medchal and Shadnagar
Documents for an LIC HFL plot loan
| Type | Documents |
|---|---|
| KYC | PAN card, Aadhaar card, proof of residence (passport for NRIs) |
| Income | Salaried: salary slips and Form 16. Self-employed: last 3 years’ ITR with financials. All: bank statements for the last 6–12 months |
| Plot | Sale agreement or allotment, title and link documents, layout approval (HMDA/DTCP) or LRS proceedings, and up-to-date tax receipts, as asked for in LIC HFL’s legal check |
Full list: property documents for a home loan in Telangana.
Is there a tax benefit on a plot loan?
Not while it is only a plot. Income-tax deductions on home loan interest and principal apply to a house. Once you build and complete the house, the interest paid before completion can be claimed in five equal instalments under the old tax regime. See home loan tax benefits.
Source: lichousing.com plot loan page (types, funding, terms, salaried and self-employed rates by CIBIL score, eligibility), checked 13 October 2026. EMI and interest figures are our calculations.
No need to build: buy the plot now, build later
With an LIC HFL plot-only loan there is no condition to construct a house. You can buy an approved plot today and build whenever you are ready. (Only the composite plot + construction loan requires construction within 3 years.)
APF-approved HMDA plot ventures: lower fees, faster approval
Plots in HMDA-approved ventures that are also APF-approved by LIC HFL get:
- Special processing fee discount
- No legal and technical fee: LIC HFL has already checked the venture’s title and layout
- Extra discounts on documentation charges: contact us to avail them
- No need to build: a plot-only loan has no condition to construct a house. You can build whenever you are ready (only the composite plot + construction loan needs construction within 3 years).
- Faster sanction, because the venture-level checks are already done
APF-approved plot ventures we work with
- Auroland by Auro Realty: Inole, near Patancheru
- Aspen by Tattva Developers: Peddakanjarla, near Patancheru
- Smartscape: Medchal
APF approval applies to specific ventures and can change, so send us the venture name before you pay an advance. We confirm its APF status and the exact fees for your plot before you apply. Fees are as per LIC HFL’s current terms for approved projects. See also the list of LIC HFL approved projects.
Read more: Will a bank fund your HMDA or DTCP plot? and loans on LRS plots in Telangana.
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
Up to 75% of the property value for a plot purchase. You pay the balance, plus registration and stamp duty, yourself.
Yes. LIC HFL’s Composite Loan covers both, with a tenure of up to 30 years, if you complete construction within 3 years of buying the plot.
Residential plots bought from government bodies, development authorities or approved layouts. Share the layout approval details and we’ll check before you pay an advance.
Helpful guides
Compare
All LIC HFL loan products Other loans to consider
Home Loan
Buy a new, under-construction or resale flat or independent house.
Home Loan Balance Transfer
Move your existing home loan from another lender to LIC HFL.
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.