GIC Housing Finance Interest Rate
GIC Housing Finance Interest Rate
GIC Housing Finance interest rate 2025 starts at 8.80% p.a. The company offers home loans to both salaried and self-employed individuals, the interest rates of which are shared in the table below:
GIC Housing Finance EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
GIC Housing Finance Key Highlights
Amount of Loan
Up to 90% of the cost of property
Rate of Interest
8.80% p.a. onwards
Processing Fees
Up to Rs. 3,000 + GST
Max Tenure for Loan Repayment
Up to 30 years
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Individuals | 8.80% p.a. onwards |
| Self-Employed Individuals | 8.80% p.a. onwards |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| All Loans | 8.80% p.a. onwards |
GIC Housing Finance Interest Rates for Women
| Loan Slab | Rate of Interest on Home Loan |
|---|---|
| Women applicants | 8.80% p.a. onwards |
Top-Up Loan Interest Rates
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Top-Up for Existing Customers | 8.80% p.a. onwards |
Interest rates were last updated on 1st July 2025
GIC Housing Finance Interest Rates for All Schemes in India
Different customers have different home loan needs. They require finance to meet diverse housing requirements, such as buying a residential property, making repairs or upgrades on existing property, etc.
| Rates of Interest for Each Plan | Rates of Interest for Each Plan |
|---|---|
| GIC Individual Housing Loan | 8.80% p.a. onwards |
| GIC Composite Home Loan | 8.80% p.a. onwards |
| GIC Affordable Home Loan | 8.80% p.a. onwards |
| GIC Balance Transfer Home Loan | 8.80% p.a. onwards |
GIC Housing Finance Interest Rates for Balance Transfer, Top Up, and Overdraft
GIC Housing Finance understands that sometimes life throws challenges, and you may need to cover them from your pocket. Your existing home loan from the NBFC may need to be increased to meet the additional expenses. GIC Housing Finance helps share the extra financial load by offering the following options:
GIC Housing Finance Top-Up
It is a quick top-it-up facility offered by GIC Housing Finance, allowing its existing customers to avail of some additional loan amount over and above their current loan. This enables the customers to meet any unexpected expenses suddenly. Top-up loans can be availed at interest rates starting 8.80% p.a. onwards.
GIC Housing Finance Overdraft Facility
Instead of availing of a top-up loan amount offered by the company, the overdraft feature at GIC Housing allows you to tap into your excess funds kept aside for emergency use. This can be particularly helpful in times of emergencies when you have no time to apply for a loan. You can simply dig into some extra funds that you had kept aside in your account for times like these. GIC Housing offers an overdraft facility at 8.80% p.a. onwards.
GIC Housing Finance EMI Calculation 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.80% p.a. onwards | Rs. 12,560 | Rs. 8,869 | Rs. 7,903 |
| Rs. 20 lakh | 8.80% p.a. onwards | Rs. 25,119 | Rs. 17,738 | Rs. 15,805 |
| Rs. 30 lakh | 8.80% p.a. onwards | Rs. 37,679 | Rs. 26,607 | Rs. 23,708 |
| Rs. 40 lakh | 8.80% p.a. onwards | Rs. 50,238 | Rs. 35,476 | Rs. 31,611 |
| Rs. 50 lakh | 8.80% p.a. onwards | Rs. 62,798 | Rs. 44,345 | Rs. 39.514 |
| Rs. 60 lakh | 8.80% p.a. onwards | Rs. 75,358 | Rs. 53,214 | Rs. 47,416 |
| Rs. 70 lakh | 8.80% p.a. onwards | Rs. 87, 917 | Rs. 62,083 | Rs. 55.319 |
| Rs. 80 lakh | 8.80% p.a. onwards | 1,00,477 | Rs. 69,679 | Rs. 63,222 |
| Rs. 90 lakh | 8.80% p.a. onwards | Rs. 1,13,036 | Rs. 79,821 | Rs. 71,125 |
| Rs. 1 crore | 8.80% p.a. onwards | Rs. 1,25,596 | Rs. 88,690 | Rs. 79,027 |
Disclaimer:
The table gives an approximate idea of the monthly EMI at 8.80% p.a. interest rate. The EMI is subject to variation depending on various factors such as loan tenure, interest rate, and repayment capacity of the borrower.
How to Calculate GIC Housing Finance Interest Rates?
The interest rate applicable on your home loan amount is a key consideration while applying for a loan. It immensely helps to know the exact amount of EMI you would be required to pay regularly before proceeding with the home loan application. The simple procedure to calculate interest rates is to use an online tool known as the home loan EMI calculator, which can easily be accessed at EMI. The table below lists the interest rates on home loans with GIC Housing Finance and the total EMI payable on home loans for 10, 20, and 30 years.
Compare GIC Housing Finance Interest Rate with Top Banks
It helps to understand the rates of interest that other top lenders in the vicinity are offering before choosing one bank or NBFC for availing a home loan. The table below compares the interest rates of GIC Housing Finance with those of other top banks and NBFCs in India.
GIC Housing Finance Balance Transfer
As discussed earlier, GIC Housing allows customers of other banks and NBFCs in India to transfer their balance home loan amount to GIC to enjoy lower interest rates and other facilities such as better customer service.
GIC Housing Finance balance transfer interest rate starts at 8.80% per annum for both salaried and self-employed applicants. Listed below is the simple process by which you can easily apply for a home loan balance transfer with GIC Housing Finance:
Visit the official portal of BASIC Home Loan and click on Repay Right
You will be required to fill in a form with key details such as the outstanding loan amount on the current loan, existing loan repayment tenure, existing rate of interest per annum, existing EMI, and new rate of interest per annum.
Click on ‘Next’ after duly filling out the form.
On the next screen, you can see the total savings made with the GIC Housing Finance Balance Transfer facility.
You may also reach out to a BASIC Home Loan representative to help you with the process of GIC Housing Finance Balance Transfer.
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