What is the procedure to close LIC Housing Loan?

What is the procedure to close LIC Housing Loan?

Here are a few points you MUST keep in mind while closing your loan:

  1. Collect Original Property Papers:
  2. Collect Security Cheques :
  3. Get No objection certificate from bank (NOC):
  4. Get Lien Removed:
  5. Update CIBIL (Credit Information Bureau of India Ltd.)
  6. Other Documents:

How can I contact LIC HFL?

Ways to Reach LIC Housing Finance Home Loan Customer Care

  1. (033) 22129984 – Kolkata.
  2. (080) 22960502 – Bangalore.
  3. (0522) 2615218 – Lucknow.
  4. (040) 40052227 – Hyderabad.
  5. (011) 28844270 – New Delhi.
  6. (044) 42111096 – Chennai.
  7. (022) 22641515 – Mumbai.
  8. (0755) 4063115 – Bhopal.

How can I change my email id in LIC portal?

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Go to the customer services section on the home page and click on the Update Your Contact Details- online option at the bottom. Click on Update Your Contact Details link. A new page will open where you will have to give details like name, date of birth, mobile number, email id.

Can NBFC charge foreclosure charges?

It is clarified that NBFCs shall not charge foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned for purposes other than business to individual borrowers, with or without co-obligant(s).

How to pre-close LIC HFL home loan?

Once the payments are done towards the pre-closure of LIC HFL home loan, you will be given the original property documents. The best part of the procedure to pre-close LIC HFL home loan is that the documents can be received in just 15 days.

How do I get a pre-closure certificate for my LIC loan?

Apply for a preclosure certificate from LICHFL. On receiving it, issue a cheque is favour of LICHL along with a request letter for preclosure of loan. You would be charged a prepayment penalty if it’s fixed rate home loan else no prepayment penalty is applied if it’s a floating rate home loan.

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How do I Close my LIC policy?

Your policy reaches maturity at the date stated on your policy bond – this is the date on which the cash value of your policy is equal to your death benefit. To close your policy before this date, go through the process of surrendering it to LIC.

What happens if I take a loan against my LIC policy?

If you took out a loan against the value of your LIC policy, the balance you owe on that loan will be paid before you are given any money for surrender of your policy. If your loan is more than your surrender value, you may end up having to pay money to surrender your policy.

By: AdminPosted on