LIC Home Loan

Can you please give here detail about the home loan offered by LIC to Resident Indians to purchase home ?

[Kiran Chandar]

LIC Housing Finance Limited offers home loan scheme for Resident Indians , pensioners and Non Resident Indians.

Home Loan for Resident Indians

For Purchase
Loan Amount :
Min.Rs.1,00,000/-

Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs .

80% of total cost of the property including Stamp Duty & Registration Charges for loan above 20 Lacs
and up to 75 Lacs .

75% of total cost of the property including Stamp Duty & Registration Charges for loan upabove 75 Lacs .

Loan Term :
Maximum term:
For Salaried - 30 years,
For self employed :20 Years

For Construction :

Loan Amount :
Min.Rs.1,00,000/-

Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs

80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs

75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs

Loan Term :
Maximum term :
For Salaried : 30 years,
For self employed :20 Years