Table of Contents
What is the procedure to close LIC Housing loan?
Here are a few points you MUST keep in mind while closing your loan:
- Collect Original Property Papers:
- Collect Security Cheques :
- Get No objection certificate from bank (NOC):
- Get Lien Removed:
- Update CIBIL (Credit Information Bureau of India Ltd.)
- Other Documents:
How can I do prepayment in Lichfl?
Can I make EMI payment online?
- Login with user id and password on customer portal.
- Click on Pay Online.
- Select Loan Account and click on “Get Dues”.
- Amount due as on date will be shown for the selected loan account.
- Click on Pay.
- Select the mode of communication.
How many times we can transfer home loan to another bank?
You can only transfer your home loan to another bank any time after the lock in period ends for the same. The lock in period for a home loan usually ranges from 6 months to 1 year. You can check with the lender you have borrowed from regarding the lock in period for the same.
Can we merge home loan and top up loan?
Yes, you need to be eligible for the loan amount you require at the same time be able to pay for it as well. However, the benefits will remain to be seen only after successfully paying at least 6 home loan emis.
Can we do prepayment of home loan?
A home loan offers a number of benefits which may make prepayment unbeneficial. Prepayment is a facility which allows you to repay your housing loan (in part or full) before the completion of your loan tenure. Usually, customers opt for prepayment when they have surplus funds.
Should I go with LIC HFL for a home loan?
Do never go with LIC HFL for housing loan they are the big cheater by initially offering interest rate in par with bank interest rate. after 2 years they will increase interest rate upto 14\% without informing to customer. by this customer loan term will get doubled. Its big a trap to cheat innocent customer by LIC HFL.
How can I transfer my home loan to LIC Housing Finance?
Switch your home loan without any hassle to LIC Housing Finance and enjoy benefits such as lower rate of interest, affordable EMIs, top up loan and much more. To simply transfer your Home Loan online. Click here Get waiver of 2 EMIs. To know more click here.
What is the interest rate on LIC lichfl loan?
I paid 1150/- to LICHFL and got the interest rate reduced to 9.85\%. As the RBI cut the rates now and then housing loan interest rates slashed to a multi-year low.
How can I get loan from SBI through LIC HFL?
First take letter from SBI about List of Documents LIC HFL then list of documents they have. Then title investigation report then valuation. Then SBI will sanction loan depends on outstanding principal n interest on it. Then a draft will be issued to u. U have to submit to LICHFL then LIC HFL will release documents after to U.