LIC Housing Finance Bumper Home Loan Offer

No principal repayment till possession for under construction projects
6 EMI waivers for loans on ready to move residential houses

by Shrutee K/DNS

Mumbai: LIC Housing Finance Ltd (LICHFL), one of the largest Housing Finance Companies in India has launched “2020 Home Loan Offer”. To give a major thrust to the real estate sector, LIC Housing Finance Ltd has come out with special offers in its home loan products covering purchase of House Under Construction and Ready to Move houses where OC has been received.  

Under its “Pay When You Stay” scheme, the borrower gets to commence payment of principal on home loans only on possession of house or after 48 months from first disbursement, whichever is earlier.  Only interest on the disbursed amount needs to be paid during the period.  For the benefit of purchasers of ready to move house, the Company has offered to waive up to 6 EMIs during the loan tenure.  The waiver will be 2 EMIs each at the end of 5th, 10th and 15th years provided the borrower is regular in repayments and makes no pre-payment for the first 5 years.  It is a limited period offer till 29th February 2020 and disbursement has to take place before 15th of March 2020.

Exuding confidence on this day, Mr. Siddhartha Mohanty, Managing Director & CEO of LIC Housing Finance Ltd says, “We have designed the offer which will have huge implications for home loan borrowers as well as the real estate sector. With this move, we are confident to serve the purpose of boosting the real estate sector and bring about improvement in the sentiments of the home buyers.  We have included both the segments of real estate viz. under construction projects and ready to move house.  “Pay When You Stay” would ease the monthly burden of EMI and rent for the borrower as there is a breather for principal payment till maximum up to 48 months.  Waiver of up to 6 EMIs is an upfront benefit for borrowers opting for ready to move house. Our objective is to bring out products that would   complement Government’s vision of ‘Housing for all by 2022’ and such offers will only help the sector in realizing the vision”. 

About LIC Housing Finance: LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LICHFL Financial Services Ltd. LIC Housing Finance Ltd was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994.  It launched its maiden GDR offering in 2004. The company enjoys the highest rating from CRISIL & CARE indicating highest safety about the ability to service interest and repay principal.


  1. What is the offline procedure to get the LIC loan and please also provide the list of documents required for the same. “Mudrabhandar

  2. LIC Housing Finance Limited supply an online lichfl customer portal login for the customers of LIC. Customers can log in through this portal with a username or loan and application number.


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