Table of Contents
What is the processing fees for Lichfl?
LIC Home Loan Details
| Loan Amount | Rs.1 lakh – Rs.15 crore |
|---|---|
| Interest rate | 6.90\% p.a. onwards |
| Current LHPLR | 14.70\% |
| Processing Fees | 0\% – 0.50\% |
| Max Repayment Tenure | 30 Years |
Is LIC home loan insured?
LIC Mortgage Redemption Plan is a pure protection Term Plan as a cover for all the loans and debts. It means, that in this plan, if the life insured dies within the policy tenure, the lumpsum Sum Assured is paid to pay off all the outstanding loans and debts so that the family is not liable to pay any.
What is the loan amount offered under LIC HFL?
The housing finance company offers home loans for home construction, home purchase, plot purchase or home improvement. LIC HFL also offers interest concession to women home loan borrowers . The loan amount offered under LIC housing loans starts from Rs. 1 lakh.
What is LIC Housing Finance Limited?
LIC Home Loan Details LIC Housing Finance Limited is a leading housing finance company which provides home loans at affordable interest rates. It offers home loans under Griha Siddhi/Apna Ghar brand name.
Is LIC Housing Finance better than a bank or NBFC?
Being an NBFC, the LIC housing finance ltd charges more rate than Banks.Preclosure charges are also a matter of concern. If your salary, cibil rating are good; then go for a Bank, than any NBFC. However, there are situations which normally bank cannot finance.
What is the rate of interest for LIC home loan?
From LIC, they offered a home loan and the loan amount was Rs. 27,00,000. The rate of interest was high 9.15\% with the duration period of 20 years and i am paying EMI of Rs.24,000 and they given this loan very faster . LIC have a good customer service. I have taken home loan directly through LIC Housing Finance Ltd.