{"id":198846,"date":"2026-05-09T20:40:00","date_gmt":"2026-05-09T15:10:00","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=198846"},"modified":"2026-05-08T16:53:46","modified_gmt":"2026-05-08T11:23:46","slug":"lic-hfl-2026-nhb-pmay-ga-topics","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/lic-hfl-2026-nhb-pmay-ga-topics\/","title":{"rendered":"LIC HFL 2026: Important NHB, PMAY &amp; Housing Loan Topics + Free Practice Questions"},"content":{"rendered":"<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.practicemock.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.practicemock.com\/blog\/category\/uncategorized\/\">Uncategorized<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">LIC HFL 2026 GA Topics<\/span><\/span><\/div>\n\n\n<p><strong>To score high in the LIC HFL 2026 Junior Assistant exam&#8217;s 40-mark Housing Finance section, you need to master three core pillars: NHB regulations, PMAY 2.0 scheme updates, and LIC HFL&#8217;s own loan products.<\/strong> This blog breaks down every important topic \u2014 with the facts, figures, and frameworks you need \u2014 so you&#8217;re not guessing on exam day.<\/p>\n\n\n\n<p>The LIC HFL Junior Assistant 2026 exam is unlike most banking exams. While others test you on generic financial awareness, this one expects you to know the <em>working mechanics<\/em> of housing finance \u2014 how NHB regulates HFCs, how PMAY subsidies work, and what LIC HFL&#8217;s own schemes offer borrowers. If you&#8217;ve been skipping this section thinking it&#8217;s &#8220;just GK,&#8221; you&#8217;re leaving 40 marks on the table.<\/p>\n\n\n\n<p><strong>Key Point:<\/strong> Regular <strong>mock tests + practice<\/strong> are essential to convert concepts into marks and improve speed under exam pressure.<\/p>\n\n\n\n<p>Now let&#8217;s get into it.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>Don\u2019t Miss Out \ud83d\udd25 Sign Up Now for LIC HFL 2026 Edge!<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Table of Contents<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>NHB (National Housing Bank) \u2014 Regulator, Refinance &amp; Rules<\/li>\n\n\n\n<li>PMAY 2026 Update \u2014 PMAY-U 2.0, Angikaar &amp; CLSS Subsidy<\/li>\n\n\n\n<li>LIC HFL 2026 \u2014 Rates, Products &amp; Schemes<\/li>\n\n\n\n<li>Important Housing Loan Concepts (Exam Must-Knows)<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"nhb-topics\">1. NHB (National Housing Bank) \u2014 Regulator, Refinance &amp; Key Rules<\/h2>\n\n\n\n<p>Most candidates know NHB exists. Very few know <em>exactly what it does<\/em> and how it connects to LIC HFL. Here&#8217;s the precise picture:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Is NHB and Why Does It Matter for This Exam?<\/h3>\n\n\n\n<p>The <strong>National Housing Bank (NHB)<\/strong> is the apex regulatory body for Housing Finance Companies (HFCs) in India. It was set up under the National Housing Bank Act, 1987, and is a <strong>wholly-owned subsidiary of the Reserve Bank of India (RBI)<\/strong>. Think of NHB as what RBI is to commercial banks \u2014 NHB does the same for housing finance companies like LIC HFL, HDFC Ltd., PNB Housing Finance, etc.<\/p>\n\n\n\n<p>Two roles of NHB you must remember for the exam:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regulatory Role:<\/strong> Sets rules on LTV ratios, capital adequacy, fair lending practices for all HFCs.<\/li>\n\n\n\n<li><strong>Refinance Role:<\/strong> Provides low-cost funds to HFCs so they can on-lend to home buyers at affordable rates.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">NHB Residex \u2014 Property Price Index<\/h3>\n\n\n\n<p><strong>NHB Residex<\/strong> is India&#8217;s official residential property price index, maintained by NHB. It tracks how property prices move across cities over time. For the exam, remember: it&#8217;s a <strong>price tracking tool<\/strong>, not a lending tool. It helps identify overheated markets and guides policy decisions.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>Start Your LIC HFL 2026 Prep Now \ud83d\ude80 Sign Up &amp; Get Ahead!<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">LTV (Loan-to-Value) Ratios \u2014 A Guaranteed Exam Topic<\/h3>\n\n\n\n<p>NHB mandates maximum LTV limits to control lending risk. These are exact numbers \u2014 memorize them:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Loan Amount<\/th><th>Maximum LTV Allowed<\/th><th>What It Means for Borrower<\/th><\/tr><\/thead><tbody><tr><td>Up to \u20b920 lakh<\/td><td><strong>Up to 90%<\/strong><\/td><td>Borrower brings only 10% down payment<\/td><\/tr><tr><td>\u20b920 lakh \u2013 \u20b975 lakh<\/td><td><strong>Up to 80%<\/strong><\/td><td>Borrower brings 20% down payment<\/td><\/tr><tr><td>Above \u20b975 lakh<\/td><td><strong>Up to 75%<\/strong><\/td><td>Borrower brings 25% down payment<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Logic behind this:<\/strong> Higher the loan, higher the risk, so NHB forces the borrower to have more skin in the game via higher down payments. This is basic credit risk management \u2014 and it&#8217;s a concept that shows up in both the Housing Finance section and General Awareness.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">NHB Prime Lending Rate (PLR)<\/h3>\n\n\n\n<p>As of <strong>May 1, 2026, the NHB PLR is set at 7.65%<\/strong>. This rate is significant because it serves as a benchmark for HFCs when pricing their loan products. When RBI changes the repo rate, NHB typically adjusts its PLR, which then flows down to LIC HFL&#8217;s LHPLR and finally to your home loan EMI.<\/p>\n\n\n\n<p><strong>Exam Tip:<\/strong> LTV ratios and NHB PLR are almost always tested. Don&#8217;t mix up the 90%, 80%, and 75% thresholds. A common trick question is reversing the slab \u2014 &#8220;loans above \u20b975 lakh get how much LTV?&#8221; The answer is 75%, not 80%.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>Your Selection Journey Starts Here \ud83c\udfaf Sign Up Today!<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Practice NHB &amp; Housing Finance Questions<\/h3>\n\n\n\n<p>The fastest way to internalize LTV ratios, PLR, and NHB concepts is through timed practice. PracticeMock&#8217;s LIC HFL mock tests are designed exactly around this syllabus.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\">Start Free Mock Test \u2192<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"pmay-2026\">2. PMAY 2026 Update \u2014 PMAY-U 2.0, Angikaar Campaign &amp; CLSS Explained<\/h2>\n\n\n\n<p>PMAY is not just a government scheme \u2014 for the LIC HFL exam, it&#8217;s a heavily tested topic because LIC HFL is a key lending institution under PMAY. You need to know both the <em>scheme mechanics<\/em> and the <em>2026 updates<\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">PMAY-U 2.0 \u2014 The Current Phase<\/h3>\n\n\n\n<p><strong>PMAY-Urban 2.0<\/strong> was launched in <strong>September 2024<\/strong> to provide housing support for an additional <strong>1 crore (10 million) urban families<\/strong>. By January 2026, over <strong>10 lakh (1 million) houses had already been sanctioned<\/strong> under this phase. This scale tells you why the government is running a dedicated campaign to accelerate construction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Angikaar 2026 \u2014 What Is This Campaign?<\/h3>\n\n\n\n<p><strong>Angikaar 2026<\/strong> is a focused government campaign running from <strong>May to July 2026<\/strong>. Its specific purpose: fast-track the completion of <strong>11 lakh Beneficiary Led Construction (BLC)<\/strong> houses under PMAY-U 2.0. BLC means the beneficiary (the house owner) themselves leads the construction, rather than a developer or contractor building it for them.<\/p>\n\n\n\n<p>Why does this matter for the exam? Because Angikaar 2026 is a <em>current affairs update<\/em> that falls exactly within the &#8220;last 6 months of financial news&#8221; window that LIC HFL exam candidates are advised to study. Expect a direct question on this.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>Crack LIC HFL 2026 Faster \ud83d\ude80 Join Now &amp; Boost Prep!<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">CLSS (Credit Linked Subsidy Scheme) \u2014 Income Categories<\/h3>\n\n\n\n<p>The interest subsidy component of PMAY works like this: eligible borrowers get an <strong>upfront interest subvention<\/strong> on their home loan. The subsidy is credited directly to the loan account, reducing the outstanding principal from Day 1. Here are the exact category thresholds:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Category<\/th><th>Annual Income<\/th><th>Max Loan Tenure for Subsidy<\/th><\/tr><\/thead><tbody><tr><td><strong>EWS<\/strong> (Economically Weaker Section)<\/td><td>Up to \u20b93 lakh per year<\/td><td>20 years<\/td><\/tr><tr><td><strong>LIG<\/strong> (Low Income Group)<\/td><td>\u20b93 lakh \u2013 \u20b96 lakh per year<\/td><td>20 years<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">The Female Ownership Mandate \u2014 Don&#8217;t Miss This<\/h3>\n\n\n\n<p>One of the most consistently tested facts about PMAY: the scheme mandates that <strong>a female member of the family must be the owner or co-owner<\/strong> of the house being constructed or purchased under PMAY. This is a <strong>mandatory condition<\/strong>, not optional. An application cannot be processed without female co-ownership.<\/p>\n\n\n\n<p><strong>\u26a0\ufe0f Common Confusion:<\/strong> Students often mix up EWS and LIG income limits. Remember: EWS is <em>up to \u20b93 lakh<\/em> \u2014 that&#8217;s \u20b925,000\/month. LIG is \u20b93\u20136 lakh \u2014 up to \u20b950,000\/month. These are annual household income figures, not individual salary.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"lichfl-specifics\">3. LIC HFL 2026 \u2014 Interest Rates, Products &amp; Special Schemes<\/h2>\n\n\n\n<p>This section is where most candidates score poorly \u2014 not because it&#8217;s hard, but because they treat it as &#8220;company GK&#8221; instead of understanding the <em>product logic<\/em>. The exam tests whether you actually understand how LIC HFL&#8217;s products work.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Current Interest Rates (May 2026)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Starting rate:<\/strong> 8.50% p.a. for applicants with CIBIL score above 750<\/li>\n\n\n\n<li>Rates are <strong>floating<\/strong> and linked to LHPLR (LIC Housing Prime Lending Rate)<\/li>\n\n\n\n<li>The better your CIBIL score, the lower your spread over LHPLR<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Key Loan Parameters \u2014 Quick Reference<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Parameter<\/th><th>Details<\/th><\/tr><\/thead><tbody><tr><td>Maximum Loan Amount<\/td><td><strong>\u20b915 Crore<\/strong><\/td><\/tr><tr><td>Maximum Tenure \u2013 Salaried<\/td><td><strong>30 years<\/strong><\/td><\/tr><tr><td>Maximum Tenure \u2013 Self-Employed<\/td><td><strong>25 years<\/strong><\/td><\/tr><tr><td>Plot Loans (LTV)<\/td><td><strong>Up to 75%<\/strong> of plot value<\/td><\/tr><tr><td>Women Borrowers \u2013 CIBIL Exception<\/td><td>No CIBIL required for loans <strong>up to \u20b930 lakh<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Griha Suvidha Scheme \u2014 What Exactly Is It?<\/h3>\n\n\n\n<p>This is a specialty product that most candidates skip \u2014 and then get a question wrong on. <strong>Griha Suvidha<\/strong> is designed for a very specific borrower profile: people who receive <strong>part of their salary in cash (up to 30% of income)<\/strong> \u2014 think daily wage supervisors, small business owners, or government contract workers paid partially in cash. Standard home loan income assessment ignores cash income. Griha Suvidha accounts for it, allowing a higher eligible loan amount.<\/p>\n\n\n\n<p>The scheme has a maximum gross income cap \u2014 meaning it&#8217;s designed for the middle-income segment, not high earners. The logic is financial inclusion: bringing in borrowers who are creditworthy but don&#8217;t fit the standard documented-income mould.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">HomY App \u2014 Digital Loan Sanction<\/h3>\n\n\n\n<p>LIC HFL&#8217;s <strong>HomY mobile application<\/strong> enables completely online loan sanction. This is part of LIC HFL&#8217;s digitalization push and is likely to appear in the Computer Skills \/ Technology awareness portion of the exam. Know the name and its function \u2014 it&#8217;s not just &#8220;an app,&#8221; it&#8217;s a full digital sanction platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Women Borrower Policy<\/h3>\n\n\n\n<p>LIC HFL requires women to be <strong>owners or co-owners<\/strong> of the property for home loans. For loans <strong>up to \u20b930 lakh<\/strong>, no CIBIL score is required from the woman borrower. This is aligned with PMAY&#8217;s female co-ownership mandate and is part of LIC HFL&#8217;s financial inclusion framework.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Test Your LIC HFL Product Knowledge<\/h3>\n\n\n\n<p>Can you answer: &#8220;What is the maximum LTV for a \u20b950 lakh home loan under NHB guidelines?&#8221; If you had to think for more than 3 seconds, you need timed practice.<\/p>\n\n\n\n<p><strong>PracticeMock&#8217;s LIC HFL Junior Assistant mock tests<\/strong> include Housing Finance GA questions based on the exact pattern \u2014 with detailed solutions explaining the <em>why<\/em> behind each answer.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\">Take a Mock Test Now \u2192<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"loan-concepts\">4. Important Housing Loan Concepts (Exam Must-Knows)<\/h2>\n\n\n\n<p>These are conceptual building blocks. The exam doesn&#8217;t just ask &#8220;what is LHPLR&#8221; \u2014 it asks questions that require you to understand how these concepts interact. Here&#8217;s how to think about each one.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Repo Rate \u2192 LHPLR \u2192 Your EMI: The Chain<\/h3>\n\n\n\n<p>LIC HFL&#8217;s home loan interest rates are linked to the <strong>LHPLR (LIC Housing Prime Lending Rate)<\/strong>. When RBI changes the repo rate, LIC HFL adjusts its LHPLR. Your home loan rate = LHPLR + Spread (based on your credit profile). This is why floating rate loans go up or down without any action from the borrower.<\/p>\n\n\n\n<p><strong>Key distinction:<\/strong> NHB PLR and LHPLR are different. NHB PLR is the benchmark set by the regulator; LHPLR is LIC HFL&#8217;s own internal lending rate derived from it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Prepayment Charges \u2014 Nil on Floating Rate Loans<\/h3>\n\n\n\n<p>This is an RBI \/ NHB regulation: <strong>no prepayment penalty can be charged on floating-rate home loans<\/strong>. This means if you have a floating rate loan from LIC HFL and you want to pay off a lump sum or close the loan early, there&#8217;s no fee. Fixed-rate loans may attract charges. This protects borrowers and is a frequently tested regulatory rule.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>Get Exam-Ready Now \u23f1\ufe0f Sign Up &amp; Stay Ahead of Competition!<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tax Benefits \u2014 Exact Numbers for the Exam<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Section 80C:<\/strong> Deduction on principal repayment \u2014 up to <strong>\u20b91.5 lakh per year<\/strong><\/li>\n\n\n\n<li><strong>Section 24(b):<\/strong> Deduction on interest paid \u2014 up to <strong>\u20b92 lakh per year<\/strong> (for self-occupied property)<\/li>\n<\/ul>\n\n\n\n<p>These numbers are tested directly. Don&#8217;t mix them up \u2014 24(b) is for <em>interest<\/em>, 80C is for <em>principal<\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Technical and Legal Checks Before Disbursement<\/h3>\n\n\n\n<p>Before LIC HFL releases loan funds, it performs due diligence in two parts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Technical Check:<\/strong> Assessing the physical property \u2014 is it legally constructed, does the valuation match, is there adequate infrastructure?<\/li>\n\n\n\n<li><strong>Legal Check:<\/strong> Reviewing title documents, verifying:\n<ul class=\"wp-block-list\">\n<li><strong>NA Permission<\/strong> (Non-Agricultural land conversion permission) \u2014 required if the land was agricultural<\/li>\n\n\n\n<li><strong>ULC Clearance<\/strong> (Urban Land Ceiling clearance) \u2014 confirms the property doesn&#8217;t violate urban land holding limits<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>These checks are why home loan disbursement takes time. Knowing what they check for is important for both the exam and real-life home loan awareness.<\/p>\n\n\n\n<p><strong>\ud83d\udcdd Exam Note:<\/strong> Questions on NA permission and ULC clearance appear in the Housing Finance section as &#8220;what checks does LIC HFL perform?&#8221; type questions. These are not just legal trivia \u2014 they&#8217;re part of the standard loan disbursement process every HFC follows.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Top 10 Housing Finance Questions for LIC HFL 2026<\/strong><\/h3>\n\n\n\n<p><strong>Q1. Which organization acts as the principal agency to promote housing finance institutions both at local and regional levels in India?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) RBI<\/li>\n\n\n\n<li>B) SEBI<\/li>\n\n\n\n<li>C) <strong>National Housing Bank (NHB)<\/strong><\/li>\n\n\n\n<li>D) NABARD<\/li>\n<\/ul>\n\n\n\n<p><strong>Q2. Under the Pradhan Mantri Awas Yojana (PMAY), what is the maximum interest subsidy provided to the Middle Income Group (MIG-II) under the Credit Linked Subsidy Scheme (CLSS)?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) 6.5%<\/li>\n\n\n\n<li>B) 4.0%<\/li>\n\n\n\n<li>C) <strong>3.0%<\/strong><\/li>\n\n\n\n<li>D) 5.5%<\/li>\n<\/ul>\n\n\n\n<p><strong>Q3. What does &#8220;LTV Ratio&#8221; stand for in the context of housing loans?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) Loan-to-Value<\/li>\n\n\n\n<li>B) Lending-to-Value<\/li>\n\n\n\n<li>C) <strong>Loan-to-Variable<\/strong><\/li>\n\n\n\n<li>D) Liability-to-Value<\/li>\n\n\n\n<li><em>Note: It determines the maximum loan amount a lender can provide based on the property&#8217;s market value.<\/em><\/li>\n<\/ul>\n\n\n\n<p><strong>Q4. A home loan account is classified as SMA-2 (Special Mention Account) if the principal or interest payment is overdue for how many days?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) 1\u201330 days<\/li>\n\n\n\n<li>B) 31\u201360 days<\/li>\n\n\n\n<li>C) <strong>61\u201390 days<\/strong><\/li>\n\n\n\n<li>D) More than 90 days<\/li>\n<\/ul>\n\n\n\n<p><strong>Q5. Which of the following is a &#8220;Mortgage&#8221; specifically related to the borrower transferring the legal title of the property to the lender with the condition that it will be re-transferred upon repayment?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) Simple Mortgage<\/li>\n\n\n\n<li>B) <strong>English Mortgage<\/strong><\/li>\n\n\n\n<li>C) Usufructuary Mortgage<\/li>\n\n\n\n<li>D) Equitable Mortgage<\/li>\n<\/ul>\n\n\n\n<p><strong>Q6. What is the current &#8220;Standard Asset&#8221; provisioning requirement for individual housing loans (non-teaser) as per RBI\/NHB norms?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) 0.40%<\/li>\n\n\n\n<li>B) <strong>0.25%<\/strong><\/li>\n\n\n\n<li>C) 1.00%<\/li>\n\n\n\n<li>D) 0.75%<\/li>\n<\/ul>\n\n\n\n<p><strong>Q7. In the Union Budget 2024-25 (and continued in 2026), the government announced the construction of how many additional houses under PMAY?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) 1 Crore<\/li>\n\n\n\n<li>B) 2 Crore<\/li>\n\n\n\n<li>C) <strong>3 Crore<\/strong><\/li>\n\n\n\n<li>D) 5 Crore<\/li>\n<\/ul>\n\n\n\n<p><strong>Q8. What is the primary difference between a &#8220;Home Extension Loan&#8221; and a &#8220;Home Improvement Loan&#8221;?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) Extension is for painting; Improvement is for building rooms.<\/li>\n\n\n\n<li>B) <strong>Extension is for increasing built-up space (extra room\/floor); Improvement is for renovation\/repairs.<\/strong><\/li>\n\n\n\n<li>C) Extension is only for rural areas.<\/li>\n\n\n\n<li>D) There is no difference.<\/li>\n<\/ul>\n\n\n\n<p><strong>Q9. The &#8220;SARFAESI Act, 2002&#8221; allows banks and HFCs to recover their NPAs without the intervention of which body?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) Supreme Court<\/li>\n\n\n\n<li>B) <strong>Civil Court<\/strong><\/li>\n\n\n\n<li>C) RBI<\/li>\n\n\n\n<li>D) Finance Ministry<\/li>\n<\/ul>\n\n\n\n<p><strong>Q10. Which index, launched by the National Housing Bank, tracks the price movement of residential properties in India?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A) Housing Index<\/li>\n\n\n\n<li>B) <strong>RESIDEX<\/strong><\/li>\n\n\n\n<li>C) Property-Check<\/li>\n\n\n\n<li>D) HFC-Tracker<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why Mock Tests Are Non-Negotiable for This Exam<\/h2>\n\n\n\n<p>Here&#8217;s the problem with only reading: Housing Finance questions are often application-based, not recall-based. A question like &#8220;A borrower with \u20b98 lakh annual income applies for a \u20b928 lakh loan on a \u20b935 lakh property \u2014 what is the maximum loan amount under NHB guidelines?&#8221; requires you to apply the LTV rule (80% of \u20b935 lakh = \u20b928 lakh \u2713) under time pressure. You can&#8217;t develop this reflex without practice.<\/p>\n\n\n\n<p><strong>PracticeMock&#8217;s LIC HFL Junior Assistant mock tests<\/strong> are structured around the actual exam pattern \u2014 including Housing Finance GA questions with detailed explanations. The explanation section is where real learning happens: understanding <em>why<\/em> an answer is correct fixes the concept in memory permanently.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcca 30-Day LIC HFL Study Plan<\/h3>\n\n\n\n<p>PracticeMock has a structured 30-day study plan specifically for the LIC HFL Junior Assistant 2026 exam \u2014 covering Housing Finance, Computer Skills, and Aptitude in a balanced daily schedule.<\/p>\n\n\n\n<p>Start with a free mock to benchmark your current level, then follow the plan.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.practicemock.com\/blog\/lic-hfl-junior-assistant-2026-30-day-study-plan\/\">View 30-Day Study Plan \u2192<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final Word<\/h2>\n\n\n\n<p>The LIC HFL 2026 Junior Assistant Housing Finance section is winnable \u2014 but only if you treat it as a subject to understand, not just memorize. The NHB LTV rules have a logic (risk management). PMAY categories have a logic (income-based targeting). Griha Suvidha has a logic (financial inclusion). When you understand the <em>why<\/em>, the <em>what<\/em> sticks naturally.<\/p>\n\n\n\n<p>Use this blog as your concept base. Then validate your understanding with timed mock tests. That combination \u2014 conceptual clarity + exam simulation \u2014 is what converts preparation into marks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ready to Test What You&#8217;ve Learned?<\/h3>\n\n\n\n<p>Sign up on PracticeMock and access LIC HFL Junior Assistant 2026 mock tests \u2014 free for the first attempt. Each test includes detailed performance analytics and section-wise analysis so you know exactly where to improve.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.practicemock.com\/lic-hfl-assistant-test-series\/?ref=15622\" target=\"_blank\" rel=\"noreferrer noopener\">Sign Up &amp; Start Free Mock \u2192<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-articles\">Related Articles<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Topic<\/th><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/lic-hfl-first-attempt-strategy-2026\/\">LIC HFL First Attempt Strategy 2026<\/a><\/td><\/tr><tr><td>LIC HFL Junior Assistant 2026 \u2014 30-Day Study Plan<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LIC HFL 2026 Housing Finance GA explained with NHB regulations, PMAY updates, CLSS subsidy and key loan concepts. Must-know exam topics for high scoring.<\/p>\n","protected":false},"author":37,"featured_media":198855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-198846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LIC HFL 2026 NHB, PMAY &amp; Loan Topics Explained<\/title>\n<meta name=\"description\" content=\"LIC HFL 2026 GA guide covering NHB rules, PMAY 2.0 updates, CLSS subsidy &amp; housing loan concepts. 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