Home Loan By LIC Housing Finance

Resident Indians

1. Purchase

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above 20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan upabove 75 Lacs .

Loan Term
:
Maximum term - For Salaried - 30 years, for self employed 20 Years

Repayment Mode
:
Equated Monthly Installments (EMI)- Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 
 
 

2. Construction

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs

Loan Term
:
Maximum term - For Salaried - 30 years, for self employed 20 Years

Repayment Mode
:
Equated Monthly Installments (EMI) - Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 
 
 

3. Extension

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs

Loan Term
:
: Maximum term - For Salaried - 30 years, for self employed 20 Years

Repayment Mode
:
Equated Monthly Installments (EMI) - Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 

 

 

 

Non Resident Indians

1. Purchase

This scheme is available only for Salaried persons having NRI/PIO status.

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan upabove 75 Lacs .

Loan Term
:
Maximum term - For Persons with Professional Qualification - 15 years, for Others 10Years

Repayment Mode
:
Equated Monthly Installments (EMI)- Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 
 
 

2. Construction

This scheme is available only for Salaried persons having NRI/PIO status.

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs

Loan Term
:
Maximum term - For Persons with Professional Qualification - 15 years, for Others 10Years

Repayment Mode
:
Equated Monthly Installments (EMI) - Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 
 
 

3. Extension

This scheme is available only for Salaried persons having NRI/PIO status.

Loan Amount
:
Min.Rs.1,00,000/-

Loan to Property cost
:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs

Loan Term
:
Maximum term - For Persons with Professional Qualification - 15 years, for Others 10Years

Repayment Mode
:
Equated Monthly Installments (EMI) - Monthly Rest Basis

Rate of Interest
:
Contact nearest Office for details on the Prevailing Interest Rates

Upfront fees
:
As applicable from time to time

 

 

Pensioners

1. Before Retirement

Purposes
:
Loans under the scheme may be availed for purchase, construction, extension of House / Flat

Eligibility
:
Persons whose age is 50 or more and having a pension scheme after retirement may apply for loan under this scheme.

Terms & Conditions
:
An undertaking letter that the entire loan oratleast 30 % or an amount as decided by the Area Office will be repaid out of the retirement benefits is required. The balance is to be repaid from the Pension Income. The amount of Principal to be repaid at the time of retirement will depend on the Pension amount the applicant is eligible after retirement.

Loan Term
:
The term of the loan will be up to 15 years or 70 years of age whichever is earlier.

 
 
 

2. After Retirement

Purposes
:
Loans under the scheme may be availed for purchase, construction, extension of House / Flat.

Eligibility
:
Pensioners having a stable income throughout their life from pension may apply for loan under this scheme.

Terms & Conditions
:
1) Commutation of Pension or any portion thereof is not allowed under this scheme.
2) A Guarantor acceptable to the Company is required.

Repayment Mode
:
The loan is to be repaid before the applicant attains the age of 70 years.

LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June, 1989 under the Companies Act, 1956, the Company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.1009.9 Million ( Rs.100.99 Crores). The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.

The main objective of the Company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments. The Company also provides long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.

The Company Identification Number (CIN) is L65922MH1989PLC052257.

The Company possesses one of the industry's most extensive marketing network in India: Registered and Corporate Office at Mumbai, 7 Regional Offices, 16 Back Offices and 209 marketing units across India. In addition the company has appointed over 10478 Intermediaries to extend its marketing reach. 16 Back Offices spread across the country conduct the credit appraisal and administrative functions.

The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 15.56 LACS prudent house owners who have enjoyed the Company's financial assistance.

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