LIC Housing Finance Home Loan (LICHFL)
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LIC Housing Finance Home Loan (LICHFL)
LIC Housing Finance Limited offers Home Loans at one of the lowest rates – 6.90%. These loans are available to salaried, self-employed and pensioners, with women borrowers eligible for additional interest concession. You can get an LIC Housing Home Loan for the purpose of home construction, buying a home, home improvement or plot purchase for an amount as low as Rs.1 lakh.
SBI Home Loan Summary
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Besides offering a range of Loan schemes, LICHFL offers the benefit of no prepayment charges on home loans at floating interest rate. Plus, you can avail of top-up loans with them irrespective of whether you’re an old or new customer.
LIC Housing Finance Home Loan Eligibility Criteria
A Primary Applicant must be:
Eligibility Factors for LIC Housing Finance Loan
LICHFL considers aspects like your Income, Property type, Credit Score, Property Valuation Report, Number of Dependents, Age, Financial Obligations, Job/Business Stability, Type of Income (Self-Employed or Salaried) before deciding to sanction your loan
LICHFL Home Loan Interest Rate (2020)
LIC Housing Finance Home Loans start at just 6.90% interest and the processing fee generally lies between Rs.5000 and Rs.15,000 excluding GST.
Loan Amount
Interest Rate
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
LICHFL Processing Fee & Other Charges
Particulars
Applicable charges
Note :The above rates are subject to change at the discretion of the banks without prior notice.
LICHFL Home Loan EMI Calculator
Your EMI amount will vary depending on the LIC Housing Finance Home Loan you choose, the loan amount and the tenure you decide to go for. Use the Fincity Home Loan EMI calculator to know the EMI amount in each case. Just fill in the basic required details; you can access the result in seconds and the breakdown is simple to understand.
LIC Housing Finance Home Loan Documents
Documents required by all (Salaried and Self-Employed):
Specific documents for salaried individuals:
Specific documents for self-employed individuals:
Note : Required documents must be self-attested and may slightly differ.
HDFC Home Loan Schemes
Purchasing a home?
Access free assistance from Fincity advisors to find the best deals. Contact a loan expert right away at hl@fincity.com.