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Old 24th February 2016, 10:43 AM
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Join Date: May 2012
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Default Re: General Insurance Corporation of India Housing Loans

Hello, here I am providing you the details of the housing loan offered by the General Insurance Corporation of India as under:

About the company:
GIC Housing Finance Limited was established as 'GIC Grih Vitta Limited' on December 12, 1989 with the objective of granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.

Types of Home Loan
Fixed Scheme
Floating Scheme
Flexi-Fixed Scheme
Step Up/Down Schemes
Mortgage Scheme

Individual Housing loans
Interest rate starts from 10.25% onwards

Verification:
A field verification will be done for all the information provided, especially for
Residential Address
Office address
Employment verification
Bank Account verification
Residence and Office Telephone numbers
Property Address
Financial

Eligibility:
The loan eligibility is based on two different calculations
The amount of loan repayment that you can afford to make every month.
A percentage of the cost of the property.

Tenure
The maximum tenure of the loan available is based on your age at the time of application. The age should not exceed 58 years / 60 years (as retirement may be defined at your firm) for salaried employees and not exceed 65 years for self employed professionals.
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