
| Loan Schemes - LIC Housing Finance | |
| Up to 30 Lacs | From 30 lacs to 75 Lacs |
| Scheme I : 10.25% (Fixed for 2 yrs) Scheme II : 10.95%(Fixed for 10 yrs) |
Scheme I : 10.25%(Fixed for 2 years) Scheme II : 10.95%(Fixed for 10 yrs) (Upto 40Lacs), Scheme II : 11.20%(Fixed for 10 yrs) |
| From 75 Lacs & above | |
| Scheme I : 10.75% (Fixed for 2 yrs) Scheme II : 11.20% (Fixed for 10 yrs) |
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| Salaried | Self employed | |
| AGE | 18years to 60years | 18years to 60years |
| Income | Rs.15000 (p.m) NTH | ITR - 2,00,000(p.a) |
| Loan Amount Offered | 5,00,000 - 1,00,00000 | 5,00,000 - 2,00,00000 |
| Tenure | 5 years - 25 years | 5 years - 20 years |
| Current Experience | 2 years | 3 years |
| Processing Fee | Up to 50 lacs : 10,000 +(Service tax) 50 lacs & above : 15,000 +(service tax) |
Up to 50 lacs : 10,000 +(Service tax) 50 lacs & above : 15,000 +(service tax) |
| Documentation | 1) Application form with photograph. 2) Identity & residence proof. 3) Latest 3 months salary slip. 4) Form 16 5) Last 6 months salaried bank statements 6) Processing fee cheque |
1) Application form with photograph. 2) Identity & residence proof. 3) Education qualifications certificate & proof of business existence. 4) Business profile, Last 3 years profit/loss & balance sheet. 5) Last 6 months bank statements. 6) Processing fee cheque |
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Pre-payment charges are waived off if paid through own sources / through salary a/c cheque. Security 1. Equitable Mortgage of Residential House/Flat/Plot 2. Demand Promissory Note. Source: LIC Housing Finance website. Registered Office-LIC Housing Finance Ltd. |
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