Product Details
Bank Name
LIC Housing Finance
Maximum Loan Tenure
For Salaried: upto 30 years
For self-employement: 25 years
Maximum Loan Amount
15 crore
Interest Rate
8.9%
LIC Housing Prime Lending Rate: 15.95%
Type
both
Down Payment
90% of Property value for loan upto Rs.30 lakh
80% of Property value for loan more than Rs. 30 lakh and upto Rs.75 lakh
75%of Property value for loan above Rs.75 lakh
Fees and Charges
Processing Fee Range: Up to 0.25%(Max ₹25,000)
One time fee
Statutory Charges Rs.250 – Rs.1,000
Rewriting Charges Rs.2,500
Cheque Bounce Charges Rs.350
ECS Dishonour Charges Rs.200
Document Retrieval Charges Rs.2,500
Providing List of Documents Rs.500
Photocopies of Title Documents Rs.1,000
Late EMI Payment Charges 1.5% - 2% p.m.
Minimum CIBIL Score
>600
Down Payment and Fees
LIC Home Loan
Special Features
Amongst the lowest rate of interest
Eligibility Criteria
Special Concession
Home Saver Option
No
Features, Eligibility and Concession
Pros
Cons
Pros & Cons
Application Procedure
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