LIC Housing Finance Griha Varishtha (For Pensioners)
Primary Lending Institution:LIC Housing Finance Ltd. (LIC HFL)
Up to ₹2 Crore home loan at 8.50% – 9.25% with Up to 30 years (or age 80) tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.
What is LIC Housing Finance Griha Varishtha (For Pensioners)?
Specialized home loan product designed exclusively for retirees and pensioners drawing defined-benefit pensions from PSUs, government, or EPS-95.
Key Benefits & Features
Extended repayment age up to 80 years; pension commuted income considered for loan eligibility; joint application with working heirs accepted.
Property & Project Eligibility Requirements
Residential dwelling with clear marketable title.
Borrower Eligibility Criteria
Retired employees of Central/State Govts, PSUs, nationalised banks, or EPS-95 pensioners.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.lichousing.com/griha-varishtha with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for LIC Housing Finance Griha Varishtha (For Pensioners)?
The maximum repayment tenure offered for LIC Housing Finance Griha Varishtha (For Pensioners) is Up to 30 years (or age 80), subject to borrower's age not exceeding 80 years at loan maturity.
What are the processing charges and prepayment rules for LIC Housing Finance Griha Varishtha (For Pensioners)?
The processing fee is 0.50% (Max ₹10,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for LIC Housing Finance Griha Varishtha (For Pensioners)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does LIC Housing Finance Griha Varishtha (For Pensioners) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.