LIC Housing Finance

Finance Vacant Plot Loan


Loan for Purchase of Vacant Plots/Sites
Loan Amount Min Rs.100,000 Max Rs. 100,00,000.
Loan to Property Cost 75% of the Registered Value in case of resale.
Loan Term Upto 10-15 Years or Retirement Age, or 60 years of Age, whichever is earliest.
Repayment Mode By Equated Monthly Installments (EMI) - Monthly Rest Basis.
Security 1. Equitable Mortgage of House/Flat OR Deposit of Title Deeds.
Risk Cover Life Insurance Cover is not required but advisable in the interest of the Applicants.
Front End Charges 0.5%-1.00% of Loan Sanctioned.

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ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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