Li–Co nanoferrites (Li0.5−x/2CoxFe2.5−x/2O4) with x = 0.00, 0.03, 0.06, 0.09, and 0.12, were synthesized by chemical sol–gel method. Two different sintering techniques viz. conventional technique (CT) and microwave technique (MT) were employed to heat treat the synthesized samples with an aim to study the effect of sintering technique on the properties of the nanoferrites. Structural and microstructural properties of the samples were investigated using XRD and scanning electron microscopy (SEM) technique, respectively. The variation of room temperature dielectric constant and dielectric loss were measured as a function of frequency in the range 100 Hz–1 MHz and the normal dispersive behavior was observed. Magnetic properties were investigated using Vibrating Sample Magnetometer (VSM), while Soohoo’s method was used to measure Curie temperature. The results obtained have been discussed in the paper.