LIC Housing Finance

FAQ's


What makes LIC Housing Finance Ltd. my best choice?
Here's why a loan from LIC Housing Finance Ltd. means a complete peace of mind.
Lowest Interest Rates
Easy application , quick approvals.
Insurance - linked security.
Largest Network.
No Hidden Costs.
A financially strong and stable company we have already sanctioned loans to over 5 lakh applicants.
With a network of more than 100 offices in the country we are always accessible to you , wherever you may be.

What is meant by Floating & Fixed Rate of Interest?
Where the loan is under Floating Rate of Interest, the Rate of Interest shall be reviewed every six months ( January & July ) based on the prevailing market conditions as judged by the Company. The revised Floating Rate of Interest could increase, decrease or remain the same. On the other hand, where the loan is under Fixed rate of Interest, the Rate of Interest ordinarily remains constant throughout the term of the loan.
For calculating the Emi, please use our EMI Calculator.

Who Can Apply For The Loan?
You must be in permanent service or engaged in a profession or business to be eligible for a loan. You should have a stable job and a regular income. Our loan schemes are for those going in for a residential house. We may be able to advance you a loan under our scheme if you want to - Construct/purchase a new House/Flat.
Buy an existing house or flat not more than 35 years old.
Extend an existing House.
Renovation/repairs to an existing House/Flat.

Who Can Be Co-Applicant?
The Co-owners of the property in respect of which FINANCIAL assistance is sought, must be co-applicants. Usually joint applications are from husband- wife, father-son or mother-son.

How Much Does LICHFL lend?
Loan amount is determined on the basis of the repayment capacity of the applicant/s. Repayment capacity takes into consideration factors such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings etc.
The maximum loan would be Rs.100 lakhs per unit to any individual applicant. We will extend loan upto 85 % of the cost of property value (including Stamp duty & Registration charges).

For How Long A Period Can I Get Loan?
We grant term upto a maximum of 20 yrs (maximum 10 years under Griha Shobha for NRIs and maximum 15 years under Griha Lakshmi). The term for the loan will under no circumstances exceed the age of retirement or completion of 70 yrs of age whichever is earlier.

Get Enquiry Here

CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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