35 Lakh LIC Home Loan

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An LIC Home Loan of 35 lakh offers borrowers the flexibility to purchase a new home, construct one, or renovate an existing property. This loan provides a suitable option for those looking to achieve their homeownership goals affordably. With competitive interest rates starting at 8.50% annually, a range of repayment terms, and flexible loan options, LIC Housing Finance helps make home financing accessible. Additionally, it supports salaried and self-employed individuals, ensuring the process is intended to meet different needs and preferences.

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Table of Content

1. 35 Lakh LIC Home Loan Highlights

2. 35 Lakh LIC Home Loan EMI for 5 years

3. 35 Lakh LIC Home Loan EMI for 10 Years

4. 35 Lakh LIC Home Loan EMI for 15 Years

5. 35 Lakh LIC Home Loan EMI for 20 Years

6. 35 Lakh LIC Home Loan EMI for 25 Years

7. 35 Lakh LIC Home Loan EMI for 30 Years

8. 35 Lakh LIC Home Loan Fees and Charges

9. 35 Lakh LIC Home Loan Documents Required

10. 35 Lakh LIC Home Loan Eligibility Criteria

Written By

Rahul Gautam

Rahul is a finance writer with a background in Journalism. He specialises in making complex financial topics easy to understand. He writes about credit cards, banking, loans, and financial institutions, helping readers explore the financial world with clarity and confidence. His work is both informative and engaging.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

35 Lakh LIC Home Loan – Highlights

Look at the key highlights for LIC home loan interest rates for ₹35 Lakh:

Key Highlights	Details
Loan Amount	35 Lakh
Interest Rate	Starts at 8.50% for CIBIL scores of 800 or more and 8.75% for Salaried & professionals
Loan Tenure	Upto 30 years (for salaried) and Upto 25 years (for self-employed)
Foreclosure Fee	Nil

35 Lakh LIC Home Loan EMI for 5 years

Here’s the breakdown of LIC housing loan EMI for ₹35 Lakhs:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	5 years	71,808	8,08,472	43,08,472

35 Lakh LIC Home Loan EMI for 10 Years

Have a look at the ₹35 Lakhs home loan EMI for 10 years from the LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	10 years	43,395	17,07,399	52,07,399

35 Lakh LIC Home Loan EMI for 15 Years

LIC offers a 35 Lakh home loan with EMI for 15 years. Here is the price breakdown:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	15 years	34,466	27,03,859	62,03,859

35 Lakh LIC Home Loan EMI for 20 Years

₹35 Lakh home loan EMI for 20 years from LIC is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹20 Lakhs	8.50% p.a.	20 years	30,374	37,89,715	72,89,715

35 Lakh LIC Home Loan EMI for 25 Years

Let’s have a look at LIC home loan of ₹35 Lakhs EMI for 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	25 years	28,183	49,54,884	84,54,884

35 Lakh LIC Home Loan EMI for 30 Years

Let’s have a look at LIC home loan of ₹35 Lakhs EMI for 30 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	30 years	26,912	61,88,310	96,88,310

35 Lakh LIC Home Loan – Fees and Charges

LIC Housing Finance offers various home loan schemes, each with specific fees and charges based on the loan type and amount. Processing fees generally vary by loan category and amount, with some schemes having no fees for early loan closure. Below is a detailed table of the fees and charges for each loan type:

Loan Type	Processing Fees
LIC Griha Suvidha Home Loan	0.25% of loan amount + GST
LIC Home Loan for Pensioners	0% – 0.50% of loan amount
LIC Home Renovation Loan	0% – 0.50% of loan amount
LIC Home Loan Top-up	0% – 0.50% of loan amount
LIC Home Extension Loan	0% – 0.50% of loan amount
LIC Home Loan for NRI	0.25% of the loan amount (or as per loan terms)
LIC Plot Loan	0.25% of the loan amount (or as decided by LIC)
LIC Advantage Plus	0.25% of the loan amount (or as decided by LIC)

35 Lakh LIC Home Loan – Documents Required

Here’s a table outlining the documents required for LIC Housing Finance home loans:

Document Type	Salaried Individuals	Self-Employed Individuals
Identity Proof	PAN Card, Aadhaar Card, Voter ID, Passport (mandatory for NRIs)	PAN Card, Aadhaar Card, Voter ID, Passport (mandatory for NRIs)
Address Proof	Aadhaar Card, Voter ID, Passport	Aadhaar Card, Voter ID, Passport
Income Proof	– Last 3 months’ salary slips – Form 16 – Last 6 months’ bank statements	– Last 3 years Income Tax Returns (ITR) with financials – Profit & Loss account statements and Balance Sheet certified by a Chartered Accountant – Last 6 months’ bank statements – Proof of business existence
Property Documents	– Proof of ownership of property – Allotment letter from builder/society (if applicable) – Up-to-date tax paid receipt	– Proof of ownership of property – Allotment letter from builder/society (if applicable) – Up-to-date tax paid receipt
Photographs	Two recent passport-size photographs	Two recent passport-size photographs

35 Lakh LIC Home Loan – Eligibility Criteria

Customers applying for a 35 lakh LIC home loan must adhere to the following eligibility guidelines.

Loan Type	Eligibility Criteria
LIC Griha Suvidha Home Loan	Available for salaried individuals receiving part of their salary in cash, those nearing retirement, and self-employed individuals seeking longer loan terms.
LIC Home Loan for Pensioners	Designed for retirees, including government employees and PSU personnel under the Defined Benefit Pension Scheme, up to 65 years of age.
LIC Home Renovation Loan	Open to both new and existing customers looking to renovate their homes.
LIC Home Loan Top-up	Available to existing LIC home loan borrowers who need additional funds over their current loan.
LIC Home Extension Loan	It is intended for individuals planning to expand or add to their existing residential property.
LIC Home Loan for NRIs	Designed for Non-Resident Indians planning to purchase or construct a home in India.
LIC Plot Loan	For those looking to buy residential plots to construct a home within three years.
LIC Advantage Plus	Allows individuals to transfer their existing home loans from other financial institutions to LIC Housing Finance, meeting standard eligibility norms.

Frequently Asked Questions (FAQs)

What is the EMI for a 35 Lakh Home Loan for 20 years in LIC?

The EMI for a ₹35 Lakh Home Loan from LIC, with an interest rate of 8.50% per annum and a tenure of 20 years, would be approximately ₹30,374 per month.

Who is eligible for a 35 Lakh Home loan in LIC?

To qualify for a ₹35 lakh home loan from LIC, salaried individuals should have a minimum monthly income of ₹30,000, while self-employed individuals must show a stable and adequate income. A good credit history, typically with a CIBIL score of 650 or higher, is essential.

What is the monthly interest rate of a 35 Lakh home loan in LIC?

The monthly interest rate of a 35 lakh home loan in LIC is 0.70%.

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