To have a good credit score: LIC HFL has an online sanction facility that reduces documentation and speeds up sanctions. Applying online, the borrower can obtain instant eligibility and initial sanction letter confirmation, enabling them to purchase a home without any hassle. Knowledge of all the applicable charges assists in improved financial planning. Charges by LIC HFL: LIC HFL offers the ability to make prepayments or even foreclose loans at no extra cost on floating-rate of interest loans. The facility of payment of lump sum amount at intervals can reduce your overall interest dues. Keeping all documents in place in advance can expedite the loan sanctioning process. Documents required are: Availing a joint home loan with a spouse or relative can increase loan eligibility and improve chances of approval.