LIC Plot Loan

LIC HFL offers loan for purchasing residential plots from government bodies and development authorities. You can avail of up to a maximum of 75% of the property’s value as a LIC Plot Loan amount at attractive interest rates for up to 15 years tenure. LIC HOUSING FINANCE Home Loan offers two types of plot loans, viz. Loan for Purchase of Plot and Composite Loan for Purchase of Plot & House Construction.

The key details of the LIC land loan are:

Additional Info: Also Check ICICI Plot Loan

LIC land loan interest rates are charged based on the borrower’s profession, credit score, loan amount required, and other eligibility factors. Following are the details of LIC plot loan interest rates:

*The above-mentioned interest rates are floating & linked to LHPLR as updated on 17.05.2026.

Additional Info: Also check Best Home Loan Interest Rates

Following are the main features and benefits of LIC Housing Finance plot loan:

• Purchase of Plot from Govt. Bodies/ Development Authorities/ Approved Layout
• Purpose: This loan can be obtained for the purchase of a residential plot from statutory authorities.
• Maximum loan amount: You can avail of up to 75% of the property’s value as a loan amount, subject to a maximum of Rs. 20 Crores.
• Loan tenure: Maximum repayment tenure available is up to 15 years.
• Rate of interest: LIC Housing Finance plot loan interest rate ranges from 8.65% p.a. to 9.85% p.a. for salaried & professionals and 8.70% p.a. to 9.95% p.a. for non-salaried & non-professionals, depending on the loan amount to be availed of and the CIBIL score of the borrower. 
• Composite Loan towards Purchase of Plot and House Construction 
• Purpose: These loans are granted only if the applicant intends to complete the construction of a house on the purchased plot within 3 years from the date of plot purchase.
• Maximum loan amount: You can avail of up to 60% of the sanctioned amount to be used for the purchase of the plot and the balance amount should necessarily be utilized towards the construction of the house.
• Loan tenure: Maximum repayment tenure available is up to 30 years.
• Rate of interest: LIC HFL plot loan interest rate ranges from 8.65% p.a. to 9.85% p.a. for salaried & professionals and 8.70% p.a. to 9.95% p.a. for non-salaried & non-professionals, depending on the loan amount to be availed of and the CIBIL score of the borrower.

Additional Info: Also Apply for Home Construction Loan

The LIC plot loan eligibility criteria are mentioned below in detail:

• These loans are available to resident Indians as well as Non-Resident Indians (NRIs).
• The applicant should be a salaried individual working in a public/ private/ government organisation, a self-employed individual, or a professional.
• LIC HFL plot loans under Composite Loan Scheme are granted only if the applicant intends to complete the construction of a house on the purchased plot within 3 years from the date of plot purchase.

Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?

The following documents will be required to apply for an LIC loan for plot purchase:

• Know Your Customer (KYC) documents:
  • Residence proof
  • PAN card
  • Aadhaar card
  • Passport for NRIs
• Proof of property (if the property is already identified):
  • Tax receipts (up to date and paid)
  • Proof of property ownership
• Proof of income:
  • For salaried individuals: Last 6 to 12 months bank statements, Income Tax Returns (ITR) for the last 3 years, latest Form 16 and salary slips.
  • For self-employed individuals: Last 6 to 12 months bank statements, ITR for the last 3 years, and financial statements for the last 3 years.

You can also Apply for Pan Number for All Banks

You can use the LIC Plot Loan EMI Calculator to calculate your loan amount eligibility for the LIC HFL plot loan. The calculator is available online on the official website of the lender and is free to use.

Follow the steps given below to use the calculator:

• Open the LIC Plot Loan Calculator or Home Loan EMI Calculator page given on the LIC HFL’s official website.
• Enter the required information such as: 
  • Your Gross Monthly Income
  • Total Current EMIs
  • Interest Rate
  • Loan Term 
  • How much you can spare towards loan per month
• Hit the Enter button to know the result instantly.
• The following information will appear on your screen:
  • Loan Amount
  • Monthly EMI
  • Property Cost
  • Principal Amount
  • Total Interest
  • Amortization Chart

Additional Info: Also check SBI Home Loan EMI Calculator

Currently, LIC HFL does not offer any govt loan for land purchase. However, you can avail of its own plot loan for land purchase or composite loan for plot purchase & construction. The loan amount offered under the scheme is up to Rs. 20 Crores, and the interest rate starts from just 8.65% p.a. The loan can be repaid within a flexible tenure of up to 15 years.

Additional Info: Also check How to Apply for Pradhan Mantri Awas Yojana

Under LIC HFL Griha Suvidha Home Loan, the applicant’s age and income type do not matter. This mortgage guarantee-backed housing loan helps families own a home by overcoming traditional eligibility barriers.

The key features of this scheme are given below:

• Loan amount: Rs. 10 Lakhs to Rs. 3 Crores.
• Eligible customers:
  • Applicants receiving a part of their salary is through cash.
  • Salaried applicants with no pension, reaching retirement age and wanting extended loan term.
  • Self-employed individuals wanting extended loan term
• Processing fee: 
  • For loan above Rs. 2 Crores & up to Rs. 3 Crores: Rs. 50,000 + GST for CIBIL >=725 and Rs. 60,000 + GST for CIBIL <725.
  • For loans up to Rs. 2 Crores: 0.30% of the loan amount, subject to a maximum of Rs. 30,000 + GST for CIBIL >=725 and 0.35% of the loan amount subject to a maximum of Rs. 35,000 + GST for CIBIL <725.
• Rate of interest: LIC HFL Griha Suvidha home loan interest rate ranges from 8.70% p.a. to 10.40% p.a. for salaried & professionals and 8.75% p.a. to 10.50% p.a. for non-salaried & non-professionals, depending on the loan amount to be availed of and the CIBIL score of the borrower. 

Additional Info: Also check DDA Housing Scheme 2026