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LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June, 1989 the Company was promoted by LIC of India and went public in the year 1994.

Rating - CRISIL FAAA

Interest Rate Applicable to Retail Deposits below ₹ 20 Crores
Period (months) Cumulative * Non-cumulative
Monthly Yearly
12 7.50% 7.25% 7.50%
18 7.50% 7.25% 7.50%
24 7.55% 7.25% 7.55%
36 7.60% 7.35% 7.60%
60 7.60% 7.35% 7.60%
Interest is Payable / Compoundable Annually.
Rate Per Annum Valid on Deposits ₹ 20 Crores & above
Period (months) Cumulative * Non-cumulative
Monthly Yearly
12 7.55% 7.30% 7.55%
18 7.55% 7.30% 7.55%
24 7.60% 7.30% 7.60%
36 7.65% 7.40% 7.65%
60 7.65% 7.40% 7.65%
* Minimum amount of Deposit is ₹ 10,000 and thereafter additional deposit is accepted in multiples of ₹ 1,000.
Interest Rate Applicable to Retail Deposits below ₹ 20 Crores
Period (months) Cumulative * Non-cumulative
Monthly Yearly
12 7.50% 7.25% 7.50%
18 7.50% 7.25% 7.50%
24 7.55% 7.25% 7.55%
36 7.60% 7.35% 7.60%
Interest is Payable / Compoundable Annually.
Rate Per Annum Valid on Deposits ₹ 20 Crores & above
Period (months) Cumulative * Non-cumulative
Monthly Yearly
12 7.55% 7.30% 7.55%
18 7.55% 7.30% 7.55%
24 7.60% 7.30% 7.60%
36 7.65% 7.40% 7.65%
* Minimum amount of Deposit is ₹ 10,000 and thereafter additional deposit is accepted in multiples of ₹ 1,000.
Interest Rate Applicable to Retail Deposits below ₹ 20 Crores
Period (months) Cumulative *
12 7.50%
18 7.50%
24 7.55%
36 7.60%
60 7.60%
Interest is Payable / Compoundable Annually.

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘LIC Housing Finance Limited-Collection-A/C ‘ and should be ‘Account Payee only’
  3. All documents should be self-attested
  1. Passport size photograph
  2. Self-certified copy of Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Self-certified copy of Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above
  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in their name of HUF
  4. KYC documents of all the adult members of HUF
  1. PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs of authorised signatories
  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected
  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution
  5. List, signature and ID as well as address proof of authorized signatories
  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card
  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

No premature withdrawal will be allowed before the completion of three months from the date of receipt except for circumstances as mentioned in the para 12 (sub para VI) of the Housing Finance Companies (NHB) directions, 2010.

The interest rates for prematurity of deposits are as under:

Withdrawl before Interest Payable p.a. Investor Category
3 - 6 months 4 % Individual
6 months to before maturity 1 % less than the Interest rate Applicable Individual / Non-Individual

Loans may be granted against Public Deposits upto 75% of the deposit amount, carrying interest at the rate of 2% per annum (annual rest) above the interest rate of the deposit, provided such deposits has run for a minimum period of 3 months. The outstanding loan together with interest will be settled in one lump sum by the depositor or will be adjusted against the maturity value of the deposit. However, the granting of loan will be at the sole discretion of the Company. This facility will not be available forthe deposit in the name of minors and NRI. In respect of Cumulative scheme, interest will be accumulated with principal with annually rest and payment of interest will be made along with repayment of principal at the time of maturity.

In case any investor makes multiple deposits having denomination of less than or equal to five crore, but aggregate deposit amount(all the deposits placed together by the same investor) in 1 Month, irrespective of the location of the deposit, exceeds rupees five crore amount, then it is considered as bulk deposit of more than five crore and the Company will apply the rate of interest on deposit and brokerage rate as they are applicable to bulk deposit on the day on which the aggregate amount of deposits exceeds five crore. If there is a gap of 1 Month between two deposits having denomination of less than five crore, then such deposits will be treated as independent deposits and they will not be considered together.