RSP LIC Housing Finance Limited
Griha Suvidha Home Loan
RSP LIC HFL's Griha Suvidha Home Loans to overcome age and income barriers, making homeownership accessible to all. Own your dream home!
Everyone deserves a home. With Griha Suvidha Home Loans from RSP LIC HFL, age and income type are no barriers. This mortgage guarantee-backed loan helps families overcome traditional eligibility hurdles, making the dream of homeownership accessible to all. Own your dream home today with Griha Suvidha.
Eligibility Criteria For Griha Suvidha Home Loan
Applicants must receive at least 70% of their salary through a banking channel. Cash components like OT, incentives, bonuses, vehicle charges, and reimbursements not included in CTC or Form 16 can be considered additional income, but only up to 30% of total income.
The loan term is limited to the senior applicant’s retirement age. Up to two cash-salaried co-applicants are allowed. Total gross income is capped at ₹30,000 per month for one borrower and ₹40,000 per month for multiple cash-salaried borrowers.
The loan term may extend beyond the retirement age, provided the entire outstanding loan is paid off upon retirement.
The maximum loan term can be prolonged by an additional 10 years after retirement. For instance, if an applicant is 45 years old and plans to retire at 58, the maximum term could be 23 years (until reaching the age of 68).
The longest loan tenure permissible is 30 years.
Applicants must not exceed 50 years of age at the time of applying for the loan.
The loan term extends from 70 to 75 years for senior applicants, with a maximum tenure of 30 years.
For Salaried
Loan Amount (₹ Lakhs)
₹10 – ₹75: 0.90%
>₹75: 1.40%
₹10 – ₹75: 1.15%
>₹75: 1.55%
₹10 – ₹75: 1.35%
>₹75: NA
₹10 – ₹75: 1.40%
>₹75: NA
₹10 – ₹75: 1.55%
>₹75: NA
For Self-Employed
Loan Amount (₹ Lakhs)
₹10 – ₹75: 1.00%
>₹75: 1.50%
₹10 – ₹75: 1.30%
>₹75: 1.75%
₹10 – ₹75: 1.50%
>₹75: NA
₹10 – ₹75: 1.60%
>₹75: NA
₹10 – ₹75: 1.75%
>₹75: NA
The applicant/s are responsible for covering the one-time insurance premium for Mortgage Guarantee, which will be deducted upfront from the first disbursement proceeds.
Processing Fee
₹20,000 + GST
₹25,000 + GST
0.25% of loan amount subject to maximum of ₹15,000 + GST
₹50,000 + GST
CIBIL Range
Interest Rate on Griha Suvidha Home Loan
Salaried & Professional:
- 8.75% (More than 10 lakhs & up to 2 Crores)
- 8.95% (More than 2 Crores & up to 3 Crores)
Non-Salaried & Non-Professional:
- 8.85% (More than 10 lakhs & up to 2 Crores)
- 9.05% (More than 2 Crores & up to 3 Crores)
Salaried & Professional:
- 9.00% (More than 10 lakhs & up to 3 Crores)
- 9.20% (More than 2 Crores & up to 3 Crores)
Non-Salaried & Non-Professional:
- 9.10% (More than 10 lakhs & up to 3 Crores)
- 9.30% (More than 2 Crores & up to 3 Crores)
Salaried & Professional:
- 9.80% (More than 10 lakhs & up to 3 Crores)
- 10.00% (More than 50 Lakhs & up to 2 Crores)
- 10.15% (More than 2 Crores & up to 3 Crores)
Non-Salaried & Non-Professional:
- 9.90% (More than 10 lakhs & up to 50 lakhs)
- 10.10% (More than 50 Lakhs & up to 2 Crores)
- 10.25% (More than 2 Crores & up to 3 Crores)
Salaried & Professional:
- 10.25% (More than 10 lakhs & up to 50 lakhs)
- 10.40% (More than 50 Lakhs & up to 2 Crores)
- 10.65% (More than 2 Crores & up to 3 Crores)
Non-Salaried & Non-Professional:
- 10.35% (More than 10 lakhs & up to 50 lakhs)
- 10.55% (More than 50 Lakhs & up to 2 Crores)
- 10.75% (More than 2 Crores & up to 3 Crores)
Salaried & Professional:
- 9.00% (Up to 2 Crores)
Non-Salaried & Non-Professional:
- 9.10% (Up to 2 Crores)
Salaried & Professional:
- 9.50% (Up to 2 Crores)
Non-Salaried & Non-Professional:
- 9.60% (Up to 2 Crores)
Documents
Documents Required to Proceed Further
Document (Title Deed)
Parent Documents
Plan Approval & Order Copy
Estimate
E.C.(Encumbrance Certificate) 1987 to till date
Actual Plan
Sale Agreement (Rs.20 Stamp Paper)
Sale Deed
Parent Documents
House Tax (Latest)
Plan Approval
E.C.(Encumbrance Certificate) 1987 to till date
Construction Agreement
Registered Sale Deed
Documents (Title Deed)
Parent Documents
Plan Approval, Order and Actual Plan
E.C.(Encumbrance Certificate) 1987 to till date
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Other Types of RSP LIC Housing Loans
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